The slope of the ________ is -MPL/MPK.
A. isoquant
B. marginal utility curve
C. total utility curve
D. isocost line
Answer: A
You might also like to view...
Because of market power, wages are higher under monopsony than under competitive conditions
Indicate whether the statement is true or false
A country is likely to have a comparative advantage in a land-intensive activity if it has a:
A. lot of land relative to its population. B. large population relative to its landmass. C. higher opportunity cost of producing technology. D. large amount of capital equipment relative to its population.
The consumer price index tries to gauge how much incomes must rise to maintain
a. an increasing standard of living. b. a constant standard of living. c. a decreasing standard of living. d. the highest standard of living possible.
One of the reasons that expansionary monetary policy has not been as effective as expected in recent years is that:
A. potential output was rising quickly. B. the fed funds rate was high. C. banks were holding significant excess reserves. D. Congress continued to run deficits.