If the rate of interest is fixed, a profit-maximizing firm will employ capital up to the quantity where MRP = interest rate
Indicate whether the statement is true or false
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Economics
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What is the meaning of the term "marginal rate of substitution"?
What will be an ideal response?
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A market structure in which two firms control the market is a
a. monopoly. b. monopolistic competition. c. perfect competition. d. duopoly.
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From the Keynesian perspective, an increase in cyclical unemployment during a recession represents
A) an equivalent increase in the natural rate of unemployment. B) a roughly equal mix of voluntary and involuntary unemployment. C) involuntary unemployment. D) a decrease in the number of discouraged workers in an economy.
Economics
Which of the following countries is not a member of the European Union?
a. Switzerland b. Portugal c. Sweden d. Ireland
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