Multiple Choice
The marginal revenue product of capital is
A) the cost to the firm of renting an additional unit of capital.
B) the change in the firm's revenue as a result of employing one more unit of capital, such as a machine.
C) the economic rent received by hiring an additional unit of capital.
D) the revenue generated by substituting capital for labour in the production process.
Correct Answer:
Verified
Correct Answer:
Verified
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