In the figure above, if the government provides a subsidy to colleges of $6,000 per student per year, how many students will be accepted?

The neoclassical growth theory implies that

A) the marginal product of capital is low in poor countries. B) the rate of return on capital is low in poor countries. C) there should be large flows of capital from rich countries to poor countries. D) all of the above.

Ed's construction company has the following short-run cost function: q3 - 10q2 + 36q

a. What level of output will minimize the average cost? What is the AC at this point? b. Does the production process indicate diminishing returns? How can you tell?