|
Title: Which of the following statements regarding equilibrium in the markets for capital and for a natural ... Post by: Izzydhindsa on Oct 10, 2019 Question 1. If a firm is the sole employer of a factor of production, it is known as ▸ a monopoly. ▸ an economically discriminating firm. ▸ a competitor. ▸ a monopsony. Question 2. Which of the following statements regarding equilibrium in the markets for capital and for a natural resource used in producing a good is true? ▸ The rental price of capital will equal the price of the natural resource. ▸ The marginal revenue product of capital will equal the rental price of capital and the marginal revenue product of the natural resource will equal the price of the natural resource. ▸ The marginal revenue product of capital will equal the marginal revenue product of the natural resource. ▸ The marginal product of capital will equal the rental price of capital and the marginal product of the natural resource will equal the price of the natural resource. Title: Which of the following statements regarding equilibrium in the markets for capital and for a natural ... Post by: vande746 on Oct 10, 2019 Content hidden
Title: Which of the following statements regarding equilibrium in the markets for capital and for a natural ... Post by: Izzydhindsa on Oct 10, 2019 Thanks
|