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 quantities of the two inputs. D) the marginal utilities of the two inputs.
B
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Collectives in the Soviet Union were inefficient producers of agricultural products. Why?
(A) The farms were too small to produce substantial crops. (B) Most farmers were poor and ad to pay for their own equipment, seeds, and fertilizer out of their own pockets. (C) Soviet central planners ignored the farms in favor of factories producing consumer goods. (D) Farm workers had guaranteed incomes, so they had few incentives to produce more or better crops.
During a banking panic, c ________, e ________, and the money supply ________
A) rises, rises, falls B) rises, falls, is unaffected C) falls, falls, is unaffected D) falls, rises, rises E) falls, falls, falls