The Absolute Value of the Slope of an Isocost Line

question 243

Multiple Choice

The absolute value of the slope of an isocost line equals the ratio of

• A)the marginal productivities of the two inputs.
• B)the prices of the two inputs.
• C)the marginal utilities of the two inputs.
• D)the quantities of the two inputs.

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Definitions:

Medicaid

A government insurance program for individuals and families with low income and resources, providing health coverage in the United States.

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s to help recover from the Great Depression.

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