If Q = K1/3L2 the MPL is
a. constant
b. diminishing
c. increasing
c
Economics
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The marginal cost of investment for the firm is equal to
A) 1. B) -1. C) MP'K. D) -MP'K.
Economics
The immediate effect of a member bank's sale of U.S. government securities to the Fed is
a. an increase in that bank's required reserves. b. a decrease in that bank's required reserves. c. an increase in that bank's excess reserves. d. a decrease in that bank's excess reserves.
Economics