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#marginal_efficiency_of_capital

Marginal efficiency of capital

Economic concept

The marginal efficiency of capital (MEC) is that rate of discount which would equate the price of a fixed capital asset with its present discounted value of expected income.

Sat 18th

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Marginal efficiency of capital The General Theory of Employment, Interest and Money Marginal product of capital Allocative efficiency Keynesian economics Grossman model of health demand Incremental capital-output ratio Marginal concepts Wage unit Production–possibility frontier
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