A budget line represents all combinations of bundles of two goods that give a consumer equal total utility.

Name: A budget line represents all combinations of bundles of two goods that give a consumer equal total utility.
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A budget line represents all combinations of bundles of two goods that a consumer can purchase with their given income and the prevailing market prices. It does not necessarily represent all combinations that give the consumer equal total utility.

A Budget Line Represents All Combinations of Bundles of Two