Question

Marginal efficiency of capital

07 Jan 2025
Answer :
Word Count : 257

The marginal efficiency of capital (MEC) refers to the expected rate of return on investment in new capital goods, such as machinery, buildings, or equipment. It is the additional income generated from an additional unit of capital, adjusted for the cost of that capital. In simpler terms, it shows how much ___ ________ ___ _______ _____ _________.
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