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CBSE Class 11-commerce Answered

A consumer wants to consume two goods prices of the goods are Rs 4 and Rs5 and income is Rs40? 1 Write an equation for the budget line? 2 Whaylt is the slope of budget line?  
Asked by nawabshaab042 | 30 Jul, 2019, 07:59: PM
answered-by-expert Expert Answer
1) Equation for Budget Line is : 4x+5y=40
 
2) Slope of Budget line is: fraction numerator negative P 1 over denominator P 2 end fraction equals fraction numerator negative P X over denominator P Y end fraction equals fraction numerator negative 4 over denominator 5 end fraction equals 0.8
Answered by Christina | 31 Jul, 2019, 10:02: AM
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