Are those things mean the same thing or they are actually different?


One is an algebraic formula, the other is the geometric representation of that formula.

They are the same as much as a straight line and the equation describing said line are the same.

  • 3
    $\begingroup$ One could argue that the budget constraint is an inequality, while the line is (a geometric representation of) the locus of points along which that inequality binds. $\endgroup$
    – Ubiquitous
    Mar 12 '18 at 22:34

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