If the Productivity of Capital Rises,its MPP Will _____ and Its

question 29

Multiple Choice

If the productivity of capital rises,its MPP will _____ and its MRP will ____.

• A)rise;rise
• B)fall;fall
• C)rise;fall
• D)fall;rise

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Definitions:

Oral Promise

A commitment or agreement made through spoken words rather than in writing, subject to limitations under the law for enforceability.

Enforceable

Capable of being imposed, executed, or upheld by law.

Parol Evidence Rule

A legal principle in contract law that prevents parties from modifying a written contract using oral or implied agreements not included in the original document.

Subsequent Agreements

Agreements made after the original agreement, which may modify or affect the terms of the original.