Budget line or budget constraint line which shows the various alternative combinations of two factors which the firm can buy with given outlay is…

CA Foundation · Business Economics · PYQS · May 2025
Budget line or budget constraint line which shows the various alternative combinations of two factors which the firm can buy with given outlay is called:
(A) A. Isoquant
(B) B. Indifference curve
(C) C. Isocost line
(D) D. Iso-product curve

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Isocost line

Topics: Theory of Production and Cost

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