The marginal product of capital is always ________ and it ________ as the capital stock increases
A) positive; increases
B) positive; decreases
C) negative; increases
D) negative; decreases
B
Economics
You might also like to view...
The economy is:
A. complex, and it operates under uncertain rules. B. complex, though it operates under clear rules. C. simple, and it operates under clear rules. D. simple, though it operates under uncertain rules.
Economics
A profit maximizing firm selects output such that
A) average profit is maximized. B) total profit is maximized. C) marginal profit is maximized. D) Both A and B.
Economics