The relationship between the marginal product of capital (MPK), the product price (P), and marginal revenue product of capital (MRPK) in a perfectly competitive market is
a. MPK = P ? MRPK
b. MPK = P + MRPK
c. MRPK = P/MPK
d. MRPK = P ? MPK
e. MRPK = P + MPK
D
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As a result of moving more decision making from the periphery of the organization toward the center, typically
a. the flow of relevant information to the decision maker can be weakened b. the flow of relevant information from the decision should be enhanced c. the incentive structure for the decision maker should be strengthened d. incentive compensation at the periphery can be weakened
The unemployment problem becomes more severe if prices are sticky downward
a. True b. False Indicate whether the statement is true or false
Consider the following two statements to answer this question:
(1) The bubble policy allows a facility to measure its emissions as an average of all emission points from that facility. (2) Netting was developed as a trading program to control emissions in PSD areas. a. (1) is true and (2) is false c. (1) is false and (2) is true b. both (1) and (2) are false d. both (1) and (2) are true
One year before maturity, the price of a bond with a principal amount of $1,000 and a coupon rate of 5% paid annually fell to $981. The one-year interest rate must be:
A. 8.5%. B. 5.0%. C. 7.0%. D. 1.9%.