Multiple Choice
The demand for capital is similar to the demand for labor in that
A) the marginal product of labor is derived from the marginal product of capital.
B) the marginal revenue product curve for labor is the same as the marginal revenue product curve for capital.
C) both are derived demands.
D) both are inelastic at high prices and elastic at low prices.
Correct Answer:
Verified
Correct Answer:
Verified
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