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.

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Definitions:

Diversity Strategy

A plan designed to promote inclusiveness and ensure representation from different demographics and backgrounds within an organization.

Seek Out Information

The proactive behavior of searching or inquiring for data, facts, or insights to satisfy curiosity or make informed decisions.

Successful Socialization

The effective integration of individuals into an organization or culture, where they learn and accept its values, norms, and practices.

Socialization Program

Planned programs designed to integrate individuals into new roles by acquainting them with the values, norms, and required behaviors of a specific society or organization.