BuboFlash - helps with learning

Do you want BuboFlash to help you learning these things? Or do you want to add or correct something? Click here to log in or create user.

Presentation
Question

Answer

Parent (intermediate) annotation

Open it
A simple algebraic manipulation of Equation 4 yields the budget constraint in the form of an intercept and slope: Equation (5) QW=IPW−PBPWQB

Original toplevel document

4. THE OPPORTUNITY SET: CONSUMPTION, PRODUCTION, AND INVESTMENT CHOICE
aint Note: The budget constraint shows all the combinations of bread and wine that the consumer could purchase with a fixed amount of income, I, paying prices P B and P W , respectively. <span>A simple algebraic manipulation of Equation 4 yields the budget constraint in the form of an intercept and slope: Equation (5) QW=IPW−PBPWQB Notice that the slope of the budget constraint is equal to –P B /P W , and it shows the amount of wine that Warren would have to give up if he were to purchase another sli

Summary

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

Details

No repetitions

Discussion

Do you want to join discussion? Click here to log in or create user.