Solved

The MRPS Is

Question 56

Multiple Choice

The MRPS is:


A) the rate at that one input must be decreased as production of the other input is increased
B) the rate at that one output must be decreased as production of the other output is increased
C) the slope of the isorevenue line
D) the slope of the isoquant

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q51: Movements along a Production Possibilities Frontier (curve)

Q52: The PPF is:<br>A) concave to the origin<br>B)

Q53: The Production Possibilities Frontier (curve) represents all

Q54: The opportunity cost of a resource tells

Q55: If all resources are used to produce

Q57: Technological change will affect the:<br>A) PPF<br>B) isorevenue

Q58: Technological change in the good located on

Q59: A Production Possibilities Frontier (curve) represents:<br>A) how

Q60: The Marginal Rate of Product Substitution (MRPS)

Q61: Productive efficiency is found:<br>A) on PPF<br>B) on