Multiple Choice
In equilibrium, with diminishing marginal products, the
Slope of the PPF is equal to:
A) the ratio of prices for the products.
B) the slope of the highest possible indifference curve.
C) the ratio of the marginal products of labor.
D) the ratio of prices for the products, the slope of the highest possible indifference curve, and the ratio of the
Marginal products of labor.
Correct Answer:
Verified
Correct Answer:
Verified
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