As the quantity of capital increases, the marginal product of capital
A) does not change.
B) increases.
C) decreases.
D) may either increase or decrease.
C
Economics
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If a factor of production has no production cost and has a fixed supply, then payments to that factor constitute what economists call:
A. Abnormal profits B. Economic rent C. Normal profits D. Interest payments
Economics
When a nonprice change affects any of the four components of GDP the:
A. aggregate demand curve will shift left or right. B. economy will move up or down along the aggregate demand curve. C. aggregate demand curve will remain unaffected. D. aggregate supply with shift left or right.
Economics