The slope of the isocost line:
A) changes as the combination of labor and capital is altered by the firm.
B) is equal to the ratio of the marginal productivities at all points along the isocost line.
C) is equal to the negative of the ratio of the prices of the outputs.
D) is equal to the negative of the ratio of the prices of the inputs.
D
You might also like to view...
A higher real interest rate ________ saving and ________ consumption spending.
A. increases; decreases B. increases; increases C. does not change; does not change D. decreases; increases
If aggregate demand decreases, the
A) short-run Phillips curve shifts rightward. B) economy moves to a higher inflation rate along its short-run Phillips curve. C) short-run Phillips curve does not shift nor is there a movement along it. D) short-run Phillips curve shifts leftward. E) economy moves to a lower inflation rate along its short-run Phillips curve.
The most heavily traded American stocks are traded on the
A. New York Stock Exchange. B. American Stock Exchange. C. regional stock markets. D. “third market.”
Which of the following is an income number?
A. M1 B. M2 C. GDP D. Cash