Solved

If the Quantities of Labor and Capital in an Economy

Question 4

Multiple Choice

If the quantities of labor and capital in an economy each increase by the same x percent,which of the following will increase by x percent?

A) marginal product of capital
B) economic profits
C) share of capital income in national income
D) rental price of capital
E) none of the above

Related Questions

Q1: The marginal product of capital indicates _.Therefore

Q2: The marginal product of labor indicates _.Therefore

Q3: What do we learn from the shape

Q5: Which of the following is an example

Q6: Diminishing marginal product means that _.<br>A)when adding

Q7: Key influences on the valuation of economic

Q8: Use the Cobb-Douglas production function to explain

Q9: The marginal product of capital (MPK)is given

Q10: Which of the following is true about

Q11: An example of a supply shock could