A budget constraint shows the total amount one can spend on various goods, which is calculated using a formula that equates maximum spending to total income in order to determine optimal allocation of funds.
A budget constraint shows the total amount one can spend on various goods, which is calculated using a formula that equates maximum spending to total income in order to determine optimal allocation of funds.
A budget constraint shows the total amount one can spend on various goods, which is calculated using a formula that equates maximum spending to total income in order to determine optimal allocation of funds.