The slope of the ________ is -MPL/MPK.
A. isoquant
B. isocost line
C. total utility curve
D. marginal utility curve
Answer: A
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Production technology determines the relationship of total cost to outputs.
Answer the following statement true (T) or false (F)
The Federal Reserve econometric model estimates that the liquidity effect an increase in the money supply will
A) lower interest rates for 6 months to a year. B) lower interest rates permanently. C) have no effect on interest rates. D) raise interest rates after 6 months to a year.
In a bilateral monopoly, equilibrium price will
A) favor the seller. B) favor the buyer. C) approximate the competitive equilibrium price. D) not be determined by a simple rule.
Increased domestic imports and higher international trade deficits are possible results of government surpluses
a. True b. False Indicate whether the statement is true or false