Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
QUESTION
Budget constraint: Prices, income, and government restrictions limit a consumers ability to make purchases.
3. Budget constraint: Prices, income, and government restrictions limit a consumers ability to make purchases. Various possible bundles of goods given their income, which limits the amount of goods they can purchase. Preference Consumers always choose goods which give the most pleasure. So how do we measure about the pleasure? And how do we rank the goods?
