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#cfa #cfa-level-1 #economics #has-images #microeconomics #reading-14-demand-and-supply-analysis-consumer-demand #section-4-the-opportunity-set #study-session-4
if Warren were to spend all of his income only on bread, he could buy I/PB slices of bread. Or if he were to confine his expenditure to wine alone, he could buy I/PW ounces of wine. Alternatively, he could spread his income across bread and wine expenditures any way he chooses. Graphically, then, his budget constraint would appear as
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Summary
| status | not read | reprioritisations | ||
|---|---|---|---|---|
| last reprioritisation on | suggested re-reading day | |||
| started reading on | finished reading on |
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