If the marginal product of a unit of physical capital is 10 units of output, and the product that the physical capital is used to produce is sold for $5, the value of the marginal product of physical capital equals:
A) $2.
B) $10.
C) $20.
D) $50.
D
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As of the end of 1994, which of the countries in our survey had the largest proportion of stock held by individuals?
A) The United Kingdom B) The United States C) Japan D) Germany
Explain the relationship between business cycles in different countries
What will be an ideal response?
In June of 2010, the government had a debt of about $8.6 trillion. Over the next year real GDP grew by about 1.6% and inflation was about 2%. What is the largest deficit the government could have run over this time without raising the debt-to-GDP ratio?
a. about $68.8 billion b. about $137.6 billion c. about $275.2 billion d. about $309.6 billion
Social Security payments:
A. are adjusted for inflation using the CPI. B. undergo cost-of-living adjustments. C. now hold their value over time. D. All of these statements are true.