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What is the derivation of the slope of the budget line?

Asked by Topperlearning User 25th April 2016, 12:47 PM
Answered by Expert

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 Expert 25th April 2016, 2:47 PM
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