Question 44
MediumOriginal questionThe slope of a PPC measures
Show the answer and explanation
CorrectNot quiteAnswer D
Correct answer: D
Explanation
Slope = ΔY ÷ ΔX: the units of Y given up for one more unit of X, which is the MRT.
Worth noting
The MRS is the slope of an indifference curve, in consumer theory.
- Concept
- Slope of the PPC
- Typical timeTypical
- 70 s
- Your timeYours
- —
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