The marginal physical product of capital is the
a. addition to total physical product generated by an additional unit of capital
b. average contribution of capital to total output
c. use of capital in production
d. contribution of equipment capital to loanable funds
e. profit made by an entrepreneur since the entrepreneur is the capitalist
A
Economics
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Contractionary monetary policy causes
A) aggregate demand to fall and the price level to rise. B) aggregate demand to rise and the price level to rise. C) aggregate demand to rise and the price level to fall. D) aggregate demand to fall and the price level to fall.
Economics
Refer to Scenario 1 . Explain how this economy might be able to produce 45 fish and 45 crabs?
What will be an ideal response?
Economics