The Slope of a Budget Line for Two Goods, a and B

question 4

Multiple Choice

The slope of a budget line for two goods, A and B, with A on the vertical axis and B on the horizontal axis, is equal to

• A)-P_A/P_B.
• B)P_B/P_A.
• C)-P_B/P_A.
• D)-MU_A/P_B.
• E)P_A/P_B.

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Definitions:

Demand Requirements

The specific needs or conditions that must be met for a particular goal, service, or product to be successful in the marketplace.

In-House Skills

Competencies and expertise that exist within an organization's current workforce.

Skills Inventories

Comprehensive databases that detail the qualifications, expertise, and skills of employees within an organization, used for planning and assignment purposes.

Job Evaluation

A systematic process used to determine the relative worth of jobs within an organization by analyzing their duties, responsibilities, and requirements.