Multiple Choice
If the value of marginal product of capital decreases as more capital is employed,then the
A) supply curve of capital is upward sloping.
B) supply curve of capital is downward sloping.
C) demand curve for capital is horizontal.
D) demand curve for capital is downward sloping.
E) demand curve for capital is upward sloping.
Correct Answer:

Verified
Correct Answer:
Verified
Q13: A decrease in the price of factors
Q14: If the present value of $500 to
Q15: If the wage rate increases,the income effect
Q16: The labour supply curve may eventually become
Q17: Use the figure below to answer the
Q19: The Brown's Egg store in Lethbridge,Alberta hires
Q20: To increase the demand for union labour,unions
Q21: For a monopsonist facing an upward-sloping supply
Q22: A decrease in the price of a
Q23: A union is formed to restrict labour