The slope of the budget line represents:
A) the marginal rate of substitution.
B) the market rate of substitution.
C) the budget rate of substitution.
D) the opportunity rate of substitution.
Correct Answer:
Verified
Q68: Which is more preferred between a cash
Q69: At the equilibrium consumption bundle,which of the
Q70: If income increases,the budget line:
A) shifts to
Q71: PXX + PYY = M is called:
A)
Q72: The budget set defines the combinations of
Q74: A cash gift causes the budget line
Q75: If the price of computers decreases,then the:
A)
Q76: Some individuals choose to undertake risky prospects
Q77: If an increase in the price of
Q78: If income increases,then the:
A) budget line rotates
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents