If the Quantities of Labor and Capital in an Economy

question 4

Multiple Choice

If the quantities of labor and capital in an economy each increase by the same x percent,which of the following will increase by x percent?

• A)marginal product of capital
• B)economic profits
• C)share of capital income in national income
• D)rental price of capital
• E)none of the above

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Definitions:

Visceral Organ Activity

Refers to the functions performed by the internal organs of the body, critical for sustaining life.

Motorcycle Accident

A traffic incident involving one or more motorcycles, often leading to injury or damage.

Flex Wrist

The action of bending the wrist or moving the palm of the hand towards the forearm.

Extend Elbow

The motion of increasing the angle between the forearm and the upper arm, straightening the arm.