A technological change that raises the value of marginal product of capital _______ the rental rate of capital because the _______.
A) lowers; supply curve of capital shifts rightward
B) lowers; demand curve for capital shifts leftward
C) raises; supply curve of capital shifts leftward
D) raises; demand curve for capital shifts rightward
Correct Answer:
Verified
Q129: Q130: The demand for a product produced by Q131: The demand for labour depends on Q132: A professional tennis player enters fewer tournaments Q133: According to the Hotelling Principle, the price Q135: A perfectly competitive firm in a competitive
I. technology.
II.
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