Investing in capital is profitable as long as
A) interest rates are higher than the inflation rate
B) the marginal product of capital is not decreasing
C) the marginal product of capital multiplied by the output price is greater than the price of one more machine
D) the workers required to operate the machine are paid less than the value of the output produced
E) the economy is not yet operating at full capacity
Correct Answer:
Verified
Q14: The best long run growth strategy for
Q15: Technological improvements have larger effects on output
A)
Q16: Which of the following gained the most
Q17: Which of the following does not directly
Q18: Convergence refers to
A) the reunification of formerly
Q20: If a certain type of machine costs
Q21: The rate at which a country saves
Q22: For an economy with a Cobb-Douglas production
Q23: For an economy with the production function
Q24: If the rate of investment exceeds the
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