Teddy's production possibilities curve for goods M and N is described by the following equation: M = 21 - 3N,where M is the quantity of good M produced and N is the quantity of good N produced.The slope of Teddy's production possibilities curve,when M is on the vertical axis,is
A) - 3.
B) 3.
C) - 0.333.
D) 0.333.
E) 0.0333.

Question

Quizplus · Accepted Answer

The slope of the production possibilities curve is the coefficient of N when M is on the vertical axis, which is -3.

Teddy's Production Possibilities Curve for Goods M and N Is