The marginal product of capital (MPK) can be calculated from the following ________.
A) the capital share of income and the average output per unit of capital
B) the capital share of income and average capital per worker
C) output and capital
D) the capital share of income and output
E) none of the above
Correct Answer:
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Q29: The marginal product of capital (MPK)measures _.
A)by
Q30: What do we learn from the shape
Q31: The marginal product of capital (MPK)is given
Q32: The marginal product of labor (MPL)measures _.
A)by
Q33: Diminishing marginal product means that _.
A)when adding
Q35: The marginal product of labor (MPL)is given
Q36: The marginal product of labor (MPL)can be
Q37: As the capital stock increases,_.This means that
Q38: As the amount of labor input increases
Q39: Constant returns to scale (CRS)implies _.
A)constant returns
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