A _____ is the set of points on a graph that exhaust a consumer's budget.
A) utility curve
B) marginal utility curve
C) total utility curve
D) budget constraint

Question

Quizplus · Accepted Answer

A budget constraint represents the combination of goods and services that a consumer can purchase given their income and the prices of goods. It is depicted as a line on a graph showing all the possible combinations that exactly exhaust a consumer's budget.

A _____ Is the Set of Points on a Graph