O In equili brium, wi th diminishing many inal products, the Slope of the PPF ís equal to: © the vatio of prices for the produts O the ratio of price to the marjmal pro dust of kaber. © the marjnal pradunt of trnber capital O the marjina| 'profust of aber.

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter2: Choice In A World Of Scarcity
Section: Chapter Questions
Problem 24P: If the price of a magazine is 4 each, what is the maximum number of magazines she could buy in a...
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This question is about International Trade. The question is under Chapter 3 (The Specific-Factor Model).

Kindly select the right option and help explain. Thank you very much.

O In equili brinm, with diminis hing manyinal pra lucts, the
Slope of the pPI is equal to:
© the vatio of prices for the products
the ratio of pices to the marjmal produt of laber.
© the manjmal produt f faber capital
☺ the mayinal pro durt of laber.
Transcribed Image Text:O In equili brinm, with diminis hing manyinal pra lucts, the Slope of the pPI is equal to: © the vatio of prices for the products the ratio of pices to the marjmal produt of laber. © the manjmal produt f faber capital ☺ the mayinal pro durt of laber.
Expert Solution
Step 1- Introduction

The economics as a study is based upon the idea that the resources which are present with the economies are limited in nature, while the wants and desires of people in these economies are limitless. This results into making of choices, decisions, and tradeoffs because not all the wants and desires of people can be fulfilled. 

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