Briefly explain why a graph is used in a budget constraint model between two goods and include a description of how the graph would appear. Explain the significance of the budget constraint line and how the marginal utility of the two goods changes. How would a sensible economizer choose based on marginal comparison between one good and another that costs twice as much?

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The Answer of Briefly explain why a graph is used in a budget constraint model between two goods and include a description of how the graph would appear. Explain the significance of the budget constraint line and how the marginal utility of the two goods changes. How would a sensible economizer choose based on marginal comparison between one good and another that costs twice as much?

Briefly Explain Why a Graph Is Used in a Budget