The table below shows the present value of beds for a city hospital,at different interest rates.For either interest rate,notice that the present value of each additional bed is less than the present value of the previous bed.What most likely accounts for this fact?
A) diminishing returns to scale
B) diminishing marginal productivity of capital
C) an increased interest rate
D) increased time waiting for the revenue to be received
E) depreciation and lack of maintenance
Correct Answer:
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