The Negative of the Relative Costs of the Inputs Is

question 28

Multiple Choice

The negative of the relative costs of the inputs is represented by the _________ of an isocost curve.

• A) slope
• B) length
• C) thickness

---

Definitions:

Outstanding Debt

The total amount of borrowed money that is still owed to lenders and has not yet been repaid.

Executory Promise

An agreement between parties that has not yet been fulfilled or completed.

Valid Consideration

Something of legally sufficient value that is exchanged between parties in a contract, forming the basis for the agreement.

Contract

A legally-binding agreement between two or more parties that outlines obligations and rights of the parties.