An increase in the marginal product of capital shifts the
A) supply of capital curve rightward.
B) supply of capital curve leftward.
C) demand for capital curve rightward.
D) demand for capital curve leftward.
C
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Refer to Table 2-12. What is Guatemala's opportunity cost of producing one sailboat?
A) 1/6 of a canoe B) 2/3 of a canoe C) 3 canoes D) 6 canoes
In the U.S. a candy bar costs $1 . If the nominal exchange rate were 6 Chinese yuan per dollar and the real exchange rate were 1.2, then, what would be the price of a candy bar in China?
a. 7.2 yuan b. 6 yuan c. 5 yuan d. 3.6 yuan
Large corporations, such as Ford and IBM, are owned by ______.
a. a few rich individuals b. millions of different stockholders c. the federal government d. five large banks
Which statement is true?
A. Going out of business is a short run option. B. Operating or shutting down are long run options. C. Going out of business or not going out of business are long run options.