Solved

-In Exhibit Q-2, If Price of the Good Is $8

Question 148

Multiple Choice

-In Exhibit Q-2, if price of the good is $8, the price of a unit of the physical capital used inproduction (shown in column 1) is $800, and the interest rate of loanable funds is 5percent, the quantity demanded of physical capital is A) 0 units B) 1 units C) 3 units D) 4 units E) 5 units
-In Exhibit Q-2, if price of the good is $8, the price of a unit of the physical capital used inproduction (shown in column 1) is $800, and the interest rate of loanable funds is 5percent, the quantity demanded of physical capital is


A) 0 units
B) 1 units
C) 3 units
D) 4 units
E) 5 units

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q143: The marginal revenue product of capital is

Q144: If a firm's MRP of capital =

Q145: Which of the following is true about

Q146: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10702/.jpg" alt=" -In Exhibit Q-3,

Q147: Market interest rates are determined solely by

Q149: Considering capital, marginal factor cost is defined

Q150: A technological innovation that increases the marginal

Q151: When the price of a good increases,

Q152: The loanable funds market is in equilibrium

Q153: When the supply of land is upward