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If the Rate at Which One Can Borrow Loanable Funds

Question 7

Multiple Choice

If the rate at which one can borrow loanable funds is fixed at 8 percent, the marginal factor cost of employing 8 units of loanable funds is

A) zero
B) 64 percent
C) 8 percent
D) 1 percent
E) unable to determine with this information

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