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3. Use the neoclassical theory of investment to predict how a technological advance that improves how firms operate (a new discovery) could affect overall investment,

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3. Use the neoclassical theory of investment to predict how a technological advance that improves how firms operate (a new discovery) could affect overall investment, marginal product of capital, rental price, and cost of capital. How do you think it will affect productivity of labor? Explain and support your arguments with the model and graphs. lity over

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