In equilibrium with diminishing marginal products

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Reference no: EM13732412

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.

Reference no: EM13732412

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