The profit-maximizing principle that marginal revenue product equals the price of the input applies
A) to any factor of production.
B) only in the short run.
C) to capital only.
D) to labor and capital only.
E) to labor only.
Correct Answer:
Verified
Q24: The demand for capital is
A)a final demand
Q25: The price of a good with a
Q26: If the marginal revenue product of capital
Q27: What is the difference between financial capital
Q28: The equilibrium price of capital
A)is not affected
Q30: The marginal revenue product of capital is
Q31: The demand for capital is a derived
Q32: If the marginal revenue product of capital
Q33: A profit-maximizing firm will rent or purchase
Q34: Exhibit 16-1 
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