If a firm that experiences economies of scope doubles its production of an item, its costs will less than double

A key difference between human capital and technology is that ________

A) human capital is excludable B) human capital is nonrival C) scarce resources are used in the production of human capital D) technology is an input in the production of new technology

A shortage will occur when

A) the price equals the market clearing level. B) the price is above the market clearing level. C) there is an excess quantity supplied. D) the price is below the market clearing level.