This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is a budget constraint? What will be an ideal response?[br][br][b][color=black]Question ... (Read 79 times)

james

  • Hero Member
  • *****
  • Posts: 573
on: Jun 29, 2018
What is a budget constraint?
 
  What will be an ideal response?

Question 2

List six factors that influence the quantity of a good or service demanded by a household.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

spencer.martell

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 29, 2018
Answer to Question 1

A budget constraint is the limit imposed on household choices by income, wealth, andproduct prices.

Answer to Question 2

(1) The price of the product.
(2) The income available to the household.
(3) The household's level of accumulated wealth.
(4) The prices of other products available.
(5.) The tastes and preferences of the members of the household.
(6) The household's expectations concerning future income, prices, and wealth.


james

  • Hero Member
  • *****
  • Posts: 573
Reply #2 on: Jun 29, 2018
Correct answers!


spencer.martell

  • Sr. Member
  • ****
  • Posts: 342
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Aquilia Area in Color: Aquilia Area in Color:
The Sun in false-color ultraviolet image The Sun in false-color ultraviolet image
Stock Market Question Stock Market Question
Remainder Question Remainder Question
Economic question Economic question
Question about Resultant of gravitational force? Question about Resultant of gravitational force?
Video: Miller's reaction chamber experiment Animation

For a complete list of videos, visit our video library