Budget Constraints

The consumer’s budget set is the set of all affordable bundles;B(p1, … , pn, m) ={ (x1, … , xn) | x1 ³ 0, … , xn ³ 0 and p1x1 + … + pnxn £ m }

The consumer’s budget set is the set of all affordable bundles; B(p1, … , pn, m) = { (x1, … , xn) | x1 ³ 0, … , xn ³ 0 and p1x1 + … + pnxn £ m }