All of the following statements about the marginal product of-09202
All of the following statements about the marginal product of capital MPK are true EXCEPT:
This multiple choice question (MCQ) is related to the book/course
vu eco403 Macroeconomics.
It can also be found in
vu eco403 Final Term - Quiz No.5.
All of the following statements about the marginal product of capital MPK are true EXCEPT:
MPK = f(k + 1) - f(k)
MPK tends to decline as k increases
When there is only a little capital, MPK is very small
MPK is equal to the slope of the production function y = f(k)
