When the Level of Capital Is Plotted on the Vertical $W$

question 56

Multiple Choice

When the level of capital is plotted on the vertical axis and the level of labor is plotted on the horizontal axis, the slope of the isocost line is (assuming $W$ is the price of labor and $r$ is the price of capital and production uses only these two inputs)

• A) \[- w / r\]
• B) \[- \gamma / w\]
• C) \(M P _ { \Sigma } / M P _ { L}\)
• D) \(M P _ { L } / M R _ { z }\)

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Definitions:

Blepharitis

An inflammation of the eyelid margins, often causing redness, irritation, and itchy eyelids together with dandruff-like scales on the eyelashes.

Lacrimal

Pertaining to the glands and ducts that produce and drain tears.

Cortex

The outer layer of various organs and structures, such as the brain, adrenal glands, and hair, involved in diverse functions.

Isthmus

A narrow strip of land connecting two larger bodies of land, or a narrow organ or structure connecting two larger parts.