The marginal revenue product of capital is not the

a. change in total revenue when one more unit of labor is hired
b. change in total revenue that results from adding one more unit of loanable funds to production
c. marginal contribution of capital to total revenue
d. firm's demand for capital curve
e. marginal physical product of capital multiplied by the price of the good

Economics

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In many large U.S. cities, taxicab companies operate as near monopolies because of_____.

A. patents B. strategic pricing C. licenses D. economies of scale

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OPEC is a classic example of a kinked-demand curve oligopoly.

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

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