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jlg71 jlg71
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A year ago
Which of the following correctly identifies the trade-off that a budget constraint represents?

▸ The amount of one good that has to be given up to purchase an additional unit of the other good

▸ The amount of income that must be given up to obtain an additional unit of a good

▸ The optimum combination of goods that a consumer with a given income should purchase

▸ The maximum amount of two goods that a consumer can purchase given his income
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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bolusmachinebolusmachine
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A year ago
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jlg71 Author
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A year ago
You make an excellent tutor!
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Brilliant ツ
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