Question
In an economy with no population growth and no technological change, steady-state consumption is at its greatest possible level when the marginal product of: A.
In an economy with no population growth and no technological change, steady-state consumption is at its greatest possible level when the marginal product of:
A. capital equals the depreciation rate.
B. capital equals zero.
C. labor equals the marginal product of capital.
D. labor equals the depreciation rate.
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Accounting Principles A Business Perspective Financial Accounting Chapter 1-8
Authors: James Edwards, Roger Hermanson, Bill Buxton
1st Edition
1461088186, 978-1461088189
