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Author Question: If the quantities of labor and capital in an economy each increase by the same x percent, which of ... (Read 37 times)

Marty

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on: Jun 30, 2018
If the quantities of labor and capital in an economy each increase by the same x percent, which of the following will increase by x percent?
 
  A) marginal product of capital
  B) economic profits
  C) share of capital income in national income
  D) rental price of capital
  E) none of the above

Question 2

Refer to Figure 16.1. An increase in expected output in the future is best represented by a movement from
 
  A) point A to point B.
  B) point B to point A.
  C) point A to point C.
  D) point C to point A.


isabelt_18

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Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

A


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