Economists will often reduce mathematical representations of budget constraint to a discussion of two goods at a time, so that the concept can be represented clearly on a graph with x-and y-axes. Let’s use an example of these two goods. We’ll say the first is juice and the second is...
c. The prices of both X and Y are lower in graph (a).d. None of the above are true.ANS: A PTS: 1 DIF: 3 REF: 21-1TOP: Budget constraint MSC: Analytical 相关知识点: 试题来源: 解析 A 预算约束线的公式为I = Px*X + Py*Y,横轴截距为I/Px,纵轴截距为I/Py。收入(I)固定时...
What is a budget constraint?Question:What is a budget constraint?Constraint:Usually, the aforementioned term is associated with the conditions imposed on an optimization problem where the solution must be satisfied. Generally, in economics, these constraints are mainly aimed at either minimizing the co...
* 中级微观经济学 How do the budget set and budget constraint change as p1 decreases from p1’ to p1”? Original budget set x2 x1 m/p2 m/p1’ m/p1” New affordable choices Budget constraint pivots; slope flattens from -p1’/p2 to -p1”/p2 -p1’/p2 -p1”/p2 * 中级微观经济学 ...
a)Given: Price of goodx, Px=1, Price of goody, Py=2, Income,I=100, The quantity of... Learn more about this topic: Budget Constraint Formula, Graph & Examples from Chapter 1/ Lesson 6 75K Learn what budget constraint is and view examples. Unde...
It is generally shown as a graph or a table. Let us consider an example to explain it in a better manner. Let us consider the graph given below: Figure1. A depiction of Budget Constraint Let us consider the budget for a random family with a single parent. Along the X-axis, we have...
–Graph Describe changes in budget constraint Government programs and budget constraints Non-linear budget lines 2015-3-29 中级微观经济学 Consumption Sets A consumption set (消费集)is the collection of all physically possible consumption bundles (消费束)to the consumer. 2015-3-29 中级微观经...
Considering the above problems, in this paper, we study the Rumor Control within Budget Constraint (RCBC) problem. Given a node-weighted graph G ( V , E ) and a budget B , it aims to find a protector set P , which can minimize the spread of rumor set R in the online network, ...
A budget constraint is a limit on how much a person can spend on something. Budget constraint calculations are used both in...
DefinitionProperties of Indifference CurvesBudget Constraint and Indifference Curves Home Economics Consumption Function Indifference Curve Indifference CurveAn indifference curve is a graph of different combinations of two products to which a consumer is indifferent i.e. he likes both combinations equally ...