Budget set and constraint for Two Commodities X 2 Budget constraint is m /p2 P1X1+ p2X 2=m Just affordable m/p
Budget Set and Constraint for Two Commodities x 2 x1 Budget constraint is p1x1 + p2x2 = m. m /p1 Just affordable m /p2
Budget set and constraint for Two Commodities X 2 Budget constraint is m /p2 P1X1+ p2X2 m t Not affordable Just affordable m/p
Budget Set and Constraint for Two Commodities x 2 x1 Budget constraint is p1x1 + p2x2 = m. m /p1 Just affordable Not affordable m /p2
Budget set and constraint for Two Commodities X 2 Budget constraint is m /p2 P1X1+ p2X2 m t Not affordable Just affordable Affordable m/p
Budget Set and Constraint for Two Commodities x 2 x1 Budget constraint is p1x1 + p2x2 = m. m /p1 Affordable Just affordable Not affordable m /p2
Budget set and constraint for Two Commodities m/p2 Budget constraint is P1X1+ p2X 2=m the collection of all affordable bundles Budget Set m /p1
Budget Set and Constraint for Two Commodities x 2 x1 Budget constraint is p1x1 + p2x2 = m. m /p1 Budget Set the collection of all affordable bundles. m /p2
Budget set and constraint for Two Commodities mP/P是m so slope is-p,p2 Budget Set m /p1
Budget Set and Constraint for Two Commodities x 2 x1 p1x1 + p2x2 = m is x2 = -(p1 /p2 )x1 + m/p2 so slope is -p1 /p2 . m /p1 Budget Set m /p2