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1 What is the slope of the budget line indicate? Is is +t? is it constant? What is the interpretation of each of these answers?

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1 What is the slope of the budget line indicate? Is is +t? is it constant? What is the interpretation of each of these answers? 4 pts 2. What is the slope of the PP curve indicate? Is it +.r'?. Is it constant? What is the interpretation of each of these answers? 4 pts 3. What is the ME!- curve? What is its slope? What does it mean? 2 pts What is the MC curve? What is its slope? What does it mean? ls it related to the PP curve? 2 pts 4. Explain what "equlibrium" is? What does stability mean in this context? 3 pts

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