If a firm's MRP of capital < MFC, the firm should
a. lower the interest rate
b. decrease its quantity demanded of loanable funds
c. increase its quantity demanded of loanable funds
d. hire more labor
e. raise the interest rate
B
Economics
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The sum of consumption (C), investment (I), government spending (G), and net exports (X-M) is called:
A. autonomous spending. B. aggregate expenditures. C. Keynesian income D. wealth.
Economics
Figure 17.2 depicts a firm's marginal revenue product curve. If the output price is $5, what is the marginal product of the third worker?
A. four units of output B. five units of output C. six units of output D. seven units of output
Economics