Budget line in economics is based on two essential components – (a) purchasing power or the income of the consumer, and (b) market price of the two commodities that have been considered. Budget Line Equation Budget line is also termed as a budget constraint due to the fact that even th...
根据 "The Budget Line as an Informal Consumer Understanding" 部分中 "The budget line is an elementary concept that most…and equations" 可知,预算线是基本概念,大部分人很容易就能理解。B项意为 "由于它的复杂性,大多数客户会对此概念感到困惑。" 与原文不符。故答案为:B。 (2) 写作目的题。本篇...
This same concept—one that most consumers make many times each day with reflection on it — is the basis of the more formal budget line concept in economics(这个预算线是一个基础概念,大多数消费者都能理解,而不需要图表和等式——例如家庭预算。非正式地说,预算线描述了给定预算和特定商品的负担能力...
formalization, the concept can be expressed as a mathematical equation that can be applied generally.A Simple Budget Line GraphT o understand this, think of a graph where the vertical lines quantify how many movie tickets you can buy and where the horizontal linesdo the same for crime novels....
64.B【答案分析】通读全文可知,本文第一段第一句"Theterm‘budgetline'has several related meanings, including a couple that are self-evident and a third that is not"为全文的主题句;结合每部分的小标题可知,本文旨在帮助我们弄清楚"预算线"的意思,故B项正确。65.D【答案分析】根据最后一个部分第一、二...
As it turns out however,this same concept - one that most consumers make many times each day with reflecting on itis the basis of the more formal budgetline concept in economics, which is explained below.Linesin a BudgetBefore turning to the economics definition of “budget line," consider ...
In the process of formalization, the concept can be expressed as a mathematical equation that can be applied generally. A Simple Budget Line Graph To understand this, think of a graph where the vertical lines quantify how many movie tickets you can buy and where the horizontal lines do the ...
n′. now, the equation of the budget line is as follows : p1 x1 + p2 x2 = n′ the given equation can also be written as follows: x2 = n1/ p 2– p 1/ p 2 x1 note that the slope of the new budget line is the same as the slope of the budget line prior to the change ...
The equation of the budget line is, therefore: P1.X1 + P2.X2 = M We measure the quantity of good 1 on the horizontal axis and that of good 2 on the vertical axis. We can depict the budget line by calculating the horizontal and vertical intercept. The intercepts are the maximum of...
Before turning to the economics definition of "budget line," consider another concept: the line-item budget. This is effectively a map of future expenditures, with all the constituent expenditures individually noted and quantified. There's nothing very complicated about this; in this usage, a budg...