All of the Following Statements Are Correct Except

question 84

Multiple Choice

All of the following statements are correct except

• A)the supply of capital is derived from the value of marginal product of capital.
• B)the lower the rental rate of capital,other things remaining the same,the greater is the quantity of capital demanded.
• C)the higher the rental rate,other things remaining the same,the greater is the quantity of capital supplied.
• D)profit-maximizing firms hire the quantity of capital services that makes the value of marginal product of capital equal to the rental rate of capital.
• E)if the present value of the future rental payments of an item of capital equipment is less than the cost of buying the capital,the firm will rent or lease the equipment.

Calculate class and individual grade point averages (GPA) based on given data.

Understand and apply property tax calculations for funding public projects.

Calculate and analyze the effective interest rates on loans and investments.

Understand and apply concepts of graduated commission scales in sales.

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Definitions:

Futures Contracts

Standardized legal agreements to buy or sell a financial instrument or physical commodity at a predetermined future date and price.

Profit (Loss)

The financial gain or loss resulting from revenue generated minus the expenses of operating the business.

Ounce

A unit of weight commonly used in the United States and the United Kingdom, equal to 1/16 of a pound or approximately 28.35 grams.

Futures Contract

A legal agreement to buy or sell a particular commodity or asset at a predetermined price at a specified time in the future.