Multiple Choice
The absolute value of the slope of the budget constraint is equal to
A) the marginal rate of substitution between the two goods in question.
B) the price of the good on the vertical axis divided by the price of the good on the horizontal axis.
C) the price of the good on the horizontal axis divided by the price of the good on the vertical axis.
D) quantity of the good on the vertical axis divided by the quantity of the good on the horizontal axis.
Correct Answer:
Verified
Correct Answer:
Verified
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