Economics · Production and Costs
The absolute value of the slope of the production possibilities frontier (PPF) at any point:
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- 1is equal to the marginal rate of transformation✓
- 2is equal to the marginal rate of substitution
- 3is equal to the marginal propensity to consume
- 4is equal to the elasticity of substitution
Correct answer
is equal to the marginal rate of transformation
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