The marginal product of capital indicates ________. Therefore the MPK curve is also ________
A) the quantity of capital supplied for a given rental price; the equilibrium price of capital
B) the quantity of capital demanded for a given rental price; the demand curve of capital
C) the quantity of capital demanded for a given rental price; the equilibrium price of capital
D) the quantity of capital supplied for a given rental price; the supply curve of capital
E) none of the above
B
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Data show that in 2012, the college enrollment in Lithasia increased. In the same year, the sale of hotdogs in Lithasia also increased. The relationship between college enrollment and the sale of hotdogs exhibits:
A) a negative correlation. B) a zero correlation. C) a positive correlation. D) a causal relationshi
In the table above, the official U-3 unemployment rate is
A) 50 percent. B) 15 percent. C) 10 percent. D) 5 percent.
Which of the following statements is TRUE about a non-cooperative game?
A) When two players each have a dominant strategy, joint profits may not be maximized. B) When two players each have a dominant strategy, joint profits are maximized. C) When players use their best responses, joint profits are maximized. D) None of the above.
Dividends are equal to
A. Capital gains minus retained earnings. B. Corporate profits plus retained earnings. C. Corporate profits. D. Corporate profits minus retained earnings.