In equilibrium:
A) MRPS = slope of isorevenue line
B) MRPS = slope of isocost line
C) MRPS = slope of isoquant
D) MRPS = horizontal
Correct Answer:
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Q35: Productive efficiency is found:
A) on PPF
B) on
Q36: Technological change in the good located on
Q37: Technological change in agriculture is a result
Q38: If the price of an output increases,
Q39: The MRPS is:
A) the rate at that
Q41: The MRPS is equal to:
A) ΔY2/ΔY1
B) ΔX2/ΔX1
C)
Q42: The isorevenue line is:
A) a line depicting
Q43: An isorevenue line is:
A) convex to the
Q44: If ΔY2P2 > ΔY1/P1 then:
A) the
Q45: If ΔY2/ΔY1 > ΔY2/ΔY1 then:
A) the firm
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