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QUESTION
1. The marginal revenue product of an input is determined by multiplying the marginal physical product of an
1. The marginal revenue product of an input is determined by multiplying the marginal physical product of an
additional unit of input by the input's cost.
True
False
2. Financial markets, which are sources of financial capital, include banks, bond markets and stock markets.
True
False
3. Human capital only increases when workers have college degrees.
True
False
