Capital shallowing occurs because old capital depreciates, or becomes completely obsolete with the passage of time

Product development is efficient if the

A) new product actually brings great benefits to the consumer. B) producer's marginal cost of product development equals the consumer's marginal benefit. C) producer surplus from selling the product equals the consumer surplus. D) average cost of the product development equals the average revenue generated.

Economists who have compared the incomes of never-married men and women have found that with equal amounts of human capital, ________

A) the wages of these two groups are the same B) men earn significantly more than women C) women earn significantly more than men D) men specialize more in home production