MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Preparing CFS-Direct Method

Write true or...

Question

Write true or false with a reason:
Feasible combinations of goods are those combinations which a consumer can always buy, no matter what his income is.

A

True

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

False

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is B False
False. Feasible combinations of goods are those combinations which a consumer can buy, given his income and the prices of Good-1 and Good-2.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Different combinations of two goods that a consumer can buy by spending all his income forms a locus called .

Q. Given the money income and the price, the line, which shows all different combinations of two goods that a consumer can buy by spending all his income, is called

Write true or false with a reason:

All attainable combinations of Good-X and Good-Y are below the budget line of a consumer.

Q. All attainable combinations of Good-X and Good-Y are below the budget line of a consumer. State True or False.

Q. _______ is a curve which represents all those combinations of goods which give same level of satisfaction to the consumer.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Introduction to Cash Flow Statement

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Preparing CFS-Direct Method

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon