Budget Constraints The consumers budget set is the set of all affordable bundles B(p1…,pnm) (X1,…Xn)|X1≥0,……,xn≥0and p1x1+…+pnXn≤m} The budget constraint is the upper boundary of the budget setBudget Constraints The consumer’s budget set is the set of all affordable bundles; B(p1 , … , pn , m) = { (x1 , … , xn ) | x1  0, … , xn  0 and p1x1 + … + pnxn  m } The budget constraint is the upper boundary of the budget set