Multiple Choice
A technological change that raises the value of marginal product of capital ________ the rental rate for capital because the ________.
A) raises; supply curve of capital shifts leftward
B) lowers; supply curve of capital shifts rightward
C) raises; demand curve for capital shifts leftward
D) raises; demand curve for capital shifts rightward
E) lowers; demand curve for capital shifts leftward
Correct Answer:
Verified
Correct Answer:
Verified
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