The Slope of an Isocost Line ________ and Equals the Negative

question 30

Multiple Choice

The slope of an isocost line ________ and equals the negative of ________.

• A)increases as we move down the line; the ratio of input prices
• B)decreases as we move down the line; the ratio of the marginal products
• C)is constant; the ratio of input prices
• D)is constant; the ratio of the marginal products

---

Definitions:

Salaries and Wages Expense

The total expense for a company from paying salaries and wages to its employees during a financial period, reflecting the cost of labor.

Salaries and Wages Payable

Liabilities arising from employees' salaries and wages that have been earned but not yet paid.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditures to the correct periods.

Supplies Account

An account that tracks the cost of supplies used or on hand during an accounting period.