Which of the Following Statements Is Correct

question 230

Multiple Choice

Which of the following statements is correct?

• A)The market for capital is unlike the market for labor because the rental price of capital is unaffected by the marginal product of capital, whereas the price of labor is affected by the marginal product of labor.
• B)The market for capital is unlike the market for labor because the purchase price of capital is unaffected by the marginal product of capital, whereas the price of labor is affected by the marginal product of labor.
• C)The market for capital is like the market for labor because the rental price of capital is affected by the marginal product of capital, and the price of labor is affected by the marginal product of labor.
• D)Neither the market for capital nor the market for labor is affected by the marginal product of capital or the marginal product of labor.

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Definitions:

Yoplait

A global brand of yogurt produced by Yoplait, known for its wide range of flavoured dairy products.

Consumer Bias

The predispositions or subjective preferences that influence a consumer's purchasing behavior, often leading to irrational or suboptimal decision-making.

Inflation

The rate at which the general level of prices for goods and services is rising, eroding purchasing power.

Environmental Scanning

is a process that systematically surveys and interprets relevant data to identify external opportunities and threats that could influence future decisions and strategies.