Re: Set a budget
Posted: Wed Sep 08, 2010 4:21 pm
Hello,
A budget set includes all possible consumption bundles that someone can afford given the prices of goods and the person's income level. The budget set is bounded above by the budget line.
Thanks.
A budget set includes all possible consumption bundles that someone can afford given the prices of goods and the person's income level. The budget set is bounded above by the budget line.
Thanks.