Solved

What Is the Restriction That a Consumer's Total Expenditure on Goods

Question 214

Multiple Choice

What is the restriction that a consumer's total expenditure on goods and services purchased cannot exceed the income available?

A) Maximising behaviour.
B) Economising behaviour.
C) The price constraint.
D) The budget constraint.

Related Questions

Q59: An item has utility for a consumer

Q209: Table 6.5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Table 6.5

Q210: Arnie Ziffel has $20 per week to

Q211: Figure 6.5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Figure 6.5

Q212: Suppose you pre-ordered a non-refundable movie ticket

Q213: Figure 6.7 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Figure 6.7

Q217: There are two conditions necessary for a

Q218: To what does the income effect of

Q219: Suppose your marginal utility from consuming the

Q237: Some online penny auctions charge a fee,