Use the Following to Answer Question(s): the Demand Curve for Capital

question 105

Multiple Choice

Use the following to answer question(s) : The Demand Curve for Capital

-(Exhibit: The Demand Curve for Capital) The demand curve for capital would shift to the ________ if technological change ________ the marginal product of capital.

• A) right; decreased
• B) left; increased
• C) right; increased
• D) none of the above are correct

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Definitions:

Estimate Slope

The technique for determining the approximate steepness or gradient of a line on a graph.

Graph

A diagram representing numerical values or relationships between numbers, often using lines, bars, or points on axes.

General Form

A way of writing equations that allows them to be represented in a standardized manner, often used with lines, circles, and other geometrical figures.

Slope

A measure of the steepness or inclination of a line, typically calculated as the ratio of the vertical change to the horizontal change between two points on the line.