Use the figure below to answer the following questions.
The budget line

Question

Use the figure below to answer the following questions.  
 The budget line

Accepted Answer

shows the limits to a household's consumption choices.

Answer

is downward sloping because it illustrates decreasing marginal utility.

Answer

Both A and D are correct.

Answer

shows the households total utility.

Answer

shows how a household’s consumption choices change as income changes.

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