The slope of an isoquant is
A. MPL / MPK.
B. -?K/?L.
C. the marginal rate of technical substitution .
D. both a and b
E. all of the above
Answer: E
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An example of a discretionary fiscal stimulus policy is
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A. A privately held company's stock B. A publicly held company's stock C. A house D. A rare painting
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Utility is maximised when the utility for the last euro spent on each product is maximised, this is explained by
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