The slope of the _________________ is determined by the relative price of the two goods, which is calculated by taking the price of one good and dividing it by the price of the other good.A. personal preference
B. utility level
C. budget constraint
D. opportunity set

Respuesta :

Answer:

C. budget constraint

Explanation:

The budget constraint graphs the two combinations of good an individual would consume given his income.

The absolute value of the slope of the budget constraint gives the value of relative prices.

The utility level is the level of satisfaction a consumer derives from consuming a good or service. Utility level is graphed on an indifference curve.

Opportunity set is all the various possible combinations of an asset in a portfolio.

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