What do we mean when we say that capital is productive? How do we measure this productivity?

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What do we mean when we say that capital is productive? How do we measure this productivity? What does productivity have to do with the investment demand curve?

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Microeconomics Theory and Applications

ISBN: 978-1118758878

12th edition

Authors: Edgar K. Browning, Mark A. Zupan

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Question Posted: Nov 14, 2014 08:29 AM

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What do we mean when we say that capital is productive? How do we measure this productivity?

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Capital is productive in the sense that it enables more to b...View the full answer

Microeconomics Theory and Applications

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