question 18\n0.5 pts\na budget line represents:\nthe combinations of goods giving equal utility to a…

question 18\n0.5 pts\na budget line represents:\nthe combinations of goods giving equal utility to a consumer.\nthe demand curve.\nfrontier of combinations of two goods which can be purchased with a given budget.\nthe amount of income that is required to purchase a given amount of a good.

question 18\n0.5 pts\na budget line represents:\nthe combinations of goods giving equal utility to a consumer.\nthe demand curve.\nfrontier of combinations of two goods which can be purchased with a given budget.\nthe amount of income that is required to purchase a given amount of a good.

Answer

Brief Explanations:

A budget - line shows all possible combinations of two goods that a consumer can afford given their income and the prices of the goods. It represents the boundary or frontier of what can be purchased within a given budget.

Answer:

C. Frontier of combinations of two goods which can be purchased with a given budget.