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A Technological Change That Raises the Value of Marginal Product

Question 351

Multiple Choice

A technological change that raises the value of marginal product of capital ________ the rental rate of capital because the ________.


A) raises; supply curve of capital shifts leftward
B) lowers; supply curve of capital shifts rightward
C) raises; demand curve for capital shifts rightward
D) lowers; demand curve for capital shifts leftward

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