If the Quantity of Good a Is on the Vertical

question 20

Multiple Choice

If the quantity of good A is on the vertical axis and the quantity of good B is on the horizontal axis, then the cost-effective mix between the two goods occurs when:

• A)the slope of the associated isoquant line equals the price of A divided by the price of B.
• B)the marginal rate of technical substitution equals the price of A divided by the price of B.
• C)the marginal rate of technical substitution equals the price of B divided by the price of A.
• D)both (a) and (c) are correct.

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Definitions:

\\

Represents a backslash character, used as an escape character in strings.

Cout

An output stream object in C++ used to output data to the standard output device, usually the screen.

"Enter The Price:"

Represents a string literal, often used as a prompt for input in programming.

Scanf

A standard function in C that allows for formatted input from the user or a file.