Which of the following will cause an increase in the marginal product of capital (MPK)?
A) a decrease in the quantity of labor in use
B) an increase in labor productivity
C) a decrease in the quantity of capital in use
D) all of the above
E) none of the above
C
You might also like to view...
When a perfectly competitive firm finds that its market price is below its minimum average variable cost, it will sell
A) any positive output the entrepreneur decides upon because all of it can be sold. B) nothing at all; the firm shuts down. C) the output where average total cost equals price. D) the output where marginal revenue equals marginal cost.
If a given unit of money is made of different commodities or different grades of commodity, then according to Gresham's Law, people trade away the best money and hoard inferior money
Indicate whether the statement is true or false