Nominal gross domestic product (GDP) is a better measure of growth in production than real GDP

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 monopolistically competitive firm maximizes profit by producing where marginal revenue equals marginal cost.

Answer the following statement true (T) or false (F)