In equilibrium with diminishing marginal products the slope, Ask an Expert

Economics

In equilibrium, with diminishing marginal products, the slope of the PPF is equal to:

a. the ratio of prices for the products.

b. the slope of the highest possible indifference curve.

c. the ratio of the marginal products of labor.

d. the ratio of prices for the products, the slope of the highest possible indifference curve, and the ratio of the marginal products of labor.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91271779

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