If a Perfectly Competitive Firm Can Acquire the Services of as Much

question 15

Multiple Choice

If a perfectly competitive firm can acquire the services of as much capital as it wishes at a constant rental rate of r per year, it should employ capital up to the point at which the

• A)rental rate is equal to variable cost.
• B)rental rate is equal to marginal cost.
• C)marginal product of capital is equal to r.
• D)value of the marginal product of capital is equal to r.

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Definitions:

Major Structure

Refers to the most abundant or stable structure among several isomers or resonant structures of a molecule.

Synthetic Steps

The individual and successive chemical reactions conducted to synthesize a desired compound, forming a part of an overall synthetic strategy.

Transformation

The alteration of a chemical compound into another compound through a chemical reaction.

Chromic Acid Test

A qualitative test used to distinguish primary and secondary alcohols by their oxidation to carboxylic acids or ketones, respectively.