The upper boundary of the budget set is the:
A) indifference curve.
B) origin.
C) budget line.
D) vertical intercept.

Question

Quizplus · Accepted Answer

The upper boundary of the budget set is the budget line, which represents the maximum amount of goods and services a consumer can purchase with their given income and prices. The other options (indifference curve, origin, vertical intercept) are not related to the upper boundary of the budget set.

The Upper Boundary of the Budget Set Is The