The marginal revenue product of capital is .
A. the economic rent received by hiring an...
Business, 06.05.2020 05:30 yayrocks2395
The marginal revenue product of capital is .
A. the economic rent received by hiring an additional unit of capital
B. the cost to the firm of renting an additional unit of capital
C. the revenue generated by substituting capital for labor in the production process
D. the change in the firm's revenue as a result of employing one more unit of capital, such as a machine.
Answers: 3
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