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CBSE Class 12-commerce Answered

What is the derivation of the slope of the budget line?
Asked by Topperlearning User | 25 Apr, 2016, 12:47: PM
answered-by-expert Expert Answer

The slope of the budget line measures the amount of change in good 2 required per unit of change in good 1 along the budget line. Now, let us derive the slope of the budget line as follows:

Take two points on the budget line.

Answered by | 25 Apr, 2016, 02:47: PM
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