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Author Question: What is the difference between a budget line and an indifference curve? (Read 71 times)

mp14

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on: May 24, 2019
What is the difference between a budget line and an indifference curve?
◦ One is measured in dollars while the other in units of goods.
◦ One shows what is possible while the other shows what is preferred.
◦ One shows a positive relationship, and the other shows a negative relationship.
◦ The budget line is bowed in toward the origin, and the indifference curves are linear.
◦ There is no difference.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by mp14 on May 24, 2019

trampas

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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mp14

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Reply #2 on: May 24, 2019
Thank you!


trampas

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Reply #3 on: May 24, 2019
Always glad to help...


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