The Slope of an Isoquant Measures

question 150

Multiple Choice

The slope of an isoquant measures

• A)the price ratio of the two inputs.
• B)the average product of labor.
• C)the ratio of the marginal utility of the two inputs.
• D)the rate at which inputs can be substituted for each other keeping total output constant.

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Definitions:

Mandatory Helmets

Laws or regulations requiring the wearing of helmets for certain activities, such as bicycling or motorcycle riding, to reduce the risk of head injuries.

Firearms

Weapons that launch one or more projectiles at high velocity through the confined burning of a propellant.

Immunizations

The method of providing immunity or resistance to infectious diseases in individuals, usually through the application of vaccinations.

Staircase

A set or series of steps and platforms that allow for the upward or downward passage between different levels of a building or structure.