For a competitive profit-maximizing firm, the value-of-the-marginal-product curve for capital is the firm’s ?

Related Mcqs:

The most important factors of production are ?

A. labor, land, and capital B. water, earth and knowledge C. money, stocks and bonds. D. management finance and marketing...

If a factor exhibits diminishing marginal product, hiring additional units of the factor will ?

A. cause a reduction is output B. have no effect on output C. increase the marginal product of the factor D. generate ever smaller amounts of output...

What will a decrease in the supply of fishermen do to the market for capital employed in the fishing industry ?

A. increase the demand for fishing boats and decrease rental rates on fishing boats B. decreases the demand for fishing boats and increase rental rates on fishing boats. C. decreases the value of the marginal product of fishermen, reduces their wage, and increases employment in the fishing industry D. increase the demand for fishing boats … What will a decrease in the supply of fishermen do to the market for capital employed in the fishing industry ?Read More...

A decrease in the supply of farm tractors will cause all but which of the following ?

A. an increase in the rental rate for tractor B. a decrease in the rental rate of farmland C. a decrease in the value of the marginal product of tractors D. an increase in the wage of farm workers...

An individual firm’s demand for a factor of production ?

A. Slopes downward because an increase in the production of output reduces the price at which the output can be sold in a competitive market, thereby reducing the value of the marginal producing the value of the marginal product as more of the factor is use B. Slopes downward due to the factor’s diminishing marginal … An individual firm’s demand for a factor of production ?Read More...