Multiple Choice
A firm that is maximizing its profits will keep renting machines up to the point where:
A) the marginal productivity of a capital is maximized.
B) the marginal value product of machines is maximized.
C) the marginal value product of machines is equal to the market rental rate for machines.
D) the machine's market rental rate is minimized.
Correct Answer:
Verified
Correct Answer:
Verified
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