According to the human-capital view, education
a. has no effect on lifetime earnings.
b. alters work ethic.
c. enhances productivity.
d. is an indicator of natural ability.
c
Economics
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As illustrated in the above figure, after 40 gallons are produced each hour at Ike's Ice Cream Kitchen, the AVC curve starts to slope upward. The AVC starts to slope upward because the
A) MC curve slopes upward. B) MC exceeds the AVC. C) ATC curve has not yet reached its minimum. D) None of the above answers is correct.
Economics
Refer to Table 16-3. Suppose Julie's marginal cost of providing this service is constant at $7 and she charges $7. What is the value of the consumer surplus enjoyed by her customers?
A) $39 B) $28 C) $11 D) $0
Economics