Because of different costs of capital, equity financing and debt financing must satisfy their own required levels of marginal capital output.

由于资本成本高低不同，权益筹资和债务筹资必须符合不同的边际资本产出水平条件。

youdao

High marginal tax rates, especially on capital, uncertainty about pension and health care costs, and the lack of rules in the formation of monetary and fiscal policy have disrupted the normal course of commerce.

FORBES: The Federal Reserve's Flawed Approach To Monetary Policy