Question 3
EasyOriginal questionA bundle that lies outside the budget line is
Show the answer and explanation
CorrectNot quiteAnswer C
Correct answer: C
Explanation
Outside the line, the bundle costs more than M, so it is not in the budget set.
- Concept
- Bundles beyond the budget line
- Typical timeTypical
- 40 s
- Your timeYours
- —
Practise this chapter →
Ten questions from Budget Line & Optimal Choice, at your own pace.