The equilibrium rental income paid to the owners of capital at any point in time equals the
a. marginal product of capital.
b. value of the marginal product of capital.
c. percentage of profits paid out to stockholders in the form of dividends.
d. equilibrium purchase price of capital.
b
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One of the key reasons why monopolies exist is:
A. there is easy entry and exit into and out of the market. B. the goods sold are highly inaccessible to buyers. C. there are barriers to entry into the market. D. geographical differences.
In the figure above, if price DECREASES from $60 to $40, an arrow representing the QUANTITY effect
A. will be shorter than (and in opposite direction of) the arrow representing the price effect. B. will point in the direction in which total revenue will move. C. will point downward. D. will be shorter than (and in same direction of) the arrow representing the price effect. E. both a and d
The EEOC investigates violation of the
a. warn act b. kyoto protocol c. sarbanes-osley act d. civil rights act of 1964
In the 1920s General Motors gobbled up more than 100 independent carmakers. This would be an example of a ________ merger.
A. vertical B. horizontal C. conglomerate