The Slope of an Isoquant Is Called the

question 57

Multiple Choice

The slope of an isoquant is called the

• A)rate of change.
• B)input price ratio.
• C)rate of technical substitution.
• D)substitution ratio.
• E)price-cost margin.

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Definitions:

Factorial ANOVA

A statistical analysis technique used to identify the effect of two or more independent variables on a dependent variable and their interaction effects simultaneously.

Independent Variable

The variable in an experiment or study that is manipulated or changed by the researcher to observe its effect on the dependent variable.

More Than One

Indicates a quantity that exceeds a single unit or instance.