A firm's marginal rate of return on investment curve shows the amount
a. saved by the firm at each alternative interest rate
b. invested by the firm at each alternative interest rate
c. saved by the firm at each alternative rate of time preference
d. invested by the firm at each alternative marginal resource cost
e. saved by the firm at each alternative marginal revenue product of investment
B
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When the percentage change in the quantity supplied is less than the percentage change in price, the supply is
A) elastic. B) inelastic. C) unit elastic. D) perfectly unit elastic. E) perfectly elastic.
In deriving LM curves, holding the real money supply constant while raising real GDP causes us to
A) trace up along an LM curve. B) trace down along an LM curve. C) shift the LM curve to the right. D) shift the LM curve to the left.