An example of an increase in b, the efficiency of human capital accumulation, is
A) more mandatory school years.
B) better teachers.
C) better school material.
D) better total factor productivity.
C
Economics
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The change in total revenues resulting from a change in output of one unit is
A) average revenue. B) marginal revenue. C) quantity revenue. D) price revenue.
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If the demand for a good increases at the same time as the supply of the same good decreases, what will happen to the equilibrium price and quantity of the good?
Economics