A Technological Change That Raises the Value of Marginal Product

question 26

Multiple Choice

A technological change that raises the value of marginal product of capital ________ the rental rate for capital because the ________.

• A) raises; supply curve of capital shifts leftward
• B) lowers; supply curve of capital shifts rightward
• C) raises; demand curve for capital shifts leftward
• D) raises; demand curve for capital shifts rightward
• E) lowers; demand curve for capital shifts leftward

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