Other Things Being Equal, a Technological Change That Raises the Value

question 376

Multiple Choice

Other things being equal, a technological change that raises the value of marginal product of capital raises the rental rate of capital because the

• A) supply curve of capital shifts leftward.
• B) supply curve of capital shifts rightward.
• C) demand curve for capital shifts rightward.
• D) demand curve for capital shifts leftward.

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Definitions:

Negotiator's Relationship

The dynamic and interactions between parties engaged in negotiation, influenced by their past dealings, trust, and communication.

Unethical Tactics

are deceptive or morally wrong strategies used in negotiations or other situations to gain an unfair advantage.

Cultural Climate

The prevailing attitudes, standards, and environmental conditions within a culture that influence its members' behaviors and interactions.

Ethical Climate

The prevailing perceptions, practices, and attitudes within an organization or group regarding ethics and moral decision-making.