question archive The marginal product of capital can differ in the short-run from the user cost of capital because:a
The marginal product of capital can differ in the short-run from the user cost of capital because:a
Subject:EconomicsPrice: Bought3
The marginal product of capital can differ in the short-run from the user cost of capital because:a.installing new capital takes time to equalize the MPK and the user cost of capital.b.the MPK and the user cost of capital are always equal to each other.c.the MPK depends on how sensitive firms are to changes in the economy.d.the MPK is exogenous while the user cost of capital is endogenous.If the permanent income hypothesis is correct, which of the following events is likely to raise current consumption the most?a.An individual receives interest payments on an asset that has a fixed interest rate.b.A student finds a dollar on the ground.c.A worker receives an expected salary bonus.d.A worker unexpectedly receives a major promotion.
