Question

The slope of the _________________ is determined by the relative price of the two goods, which is calculated by taking the price of one good and dividing it by the price of the other good. Opportunity cost productive efficiency budget constraint production possibilities frontier

Answer 1

The answer is - budget constraint

Explanation:

The slope of the budget constraint is determined by the relative price of the two goods, which is calculated by taking the price of one good and dividing it by the price of the other good.

A budget constraint happens when a consumer demonstrates limited consumption patterns by a certain income.