A Change in One Input Price Will Cause the Slope

question 108

True/False

A change in one input price will cause the slope of the firm's budget line to change.

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Definitions:

Daycare

A service that provides care and supervision for children while their parents are at work or engaged in other activities.

Labour Force Participation

The portion of the working-age population (usually those aged 15-64) that is either employed or actively looking for work.

Women

Adult human females.

Canadian Province

A principal administrative division in Canada, of which there are ten, each having its own government and responsibilities as defined by the Canadian constitution.