Marginal Efficiency of Capital refers to _________ a)Expected rate of profit
b) Rate of investment made c) Rate of savings
d) Rate of losses
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ᴛʜᴇ ᴍᴀʀɢɪɴᴀʟ ᴇꜰꜰɪᴄɪᴇɴᴄʏ ᴏꜰ ᴄᴀᴘɪᴛᴀʟ (ᴍᴇᴄ) ɪꜱ ᴛʜᴀᴛ ʀᴀᴛᴇ ᴏꜰ ᴅɪꜱᴄᴏᴜɴᴛ ᴡʜɪᴄʜ ᴡᴏᴜʟᴅ ᴇQᴜᴀᴛᴇ ᴛʜᴇ ᴘʀɪᴄᴇ ᴏꜰ ᴀ ꜰɪxᴇᴅ ᴄᴀᴘɪᴛᴀʟ ᴀꜱꜱᴇᴛ ᴡɪᴛʜ ɪᴛꜱ ᴘʀᴇꜱᴇɴᴛ ᴅɪꜱᴄᴏᴜɴᴛᴇᴅ ᴠᴀʟᴜᴇ ᴏꜰ ᴇxᴘᴇᴄᴛᴇᴅ ɪɴᴄᴏᴍᴇ. ... ɪᴛ ɪꜱ ᴄᴀʟᴄᴜʟᴀᴛᴇᴅ ᴀꜱ ᴛʜᴇ ᴘʀᴏꜰɪᴛ ᴛʜᴀᴛ ᴀ ꜰɪʀᴍ ɪꜱ ᴇxᴘᴇᴄᴛᴇᴅ ᴛᴏ ᴇᴀʀɴ ᴄᴏɴꜱɪᴅᴇʀɪɴɢ ᴛʜᴇ ᴄᴏꜱᴛ ᴏꜰ ɪɴᴘᴜᴛꜱ ᴀɴᴅ ᴛʜᴇ ᴅᴇᴘʀᴇᴄɪᴀᴛɪᴏɴ ᴏꜰ ᴄᴀᴘɪᴛᴀʟ.
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