A reduction in the user cost of capital leads firms to ________ their profit by ________ their capital-output ratio

A) raise, increasing
B) raise, decreasing
C) lower, increasing
D) lower, decreasing

A

Economics

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An example of a good that is both rival and excludable is

A) the defense services provided by a new stealth bomber. B) a pair of pants. C) a beautiful sunset. D) an uncrowded theme park such as Walt Disney World.

Economics

The above table shows Homer's marginal utility from consuming various quantities of chocolate chip cookies and cake. The price of cookies is $2 per pound, the price of cake is $2 per slice and Homer has $18 to spend on cookies and cake

Homer will consume ________ pounds of cookies and ________ slices of cake. A) 5; 4 B) 4; 5 C) 6; 3 D) None of the above answers is correct.

Economics