Microeconomics
Which of the following factors would NOT influence the equilibrium rental rate for capital?
What is the nature of the supply curve for land?
What effect does an increase in the MRP of capital have on the demand curve for capital?
Why is the demand curve for land downward sloping?
In what way is the earning of rent by land similar to the earning of rent by capital?
Which of the following is NOT considered a factor of production?
Why is the supply of land considered perfectly inelastic?
A company is evaluating whether to invest in additional machinery. If the MRP of the machinery is \$1,000 and the cost is \$800, what should the company do?
What is the primary role of capital in the production process?
Which of the following scenarios would cause the supply curve for capital to shift to the right?
