The signaling effect leads to college graduates earning more because a college degree signals that a person has learned the required job skills.

As new firms enter a competitive price-searcher market, it can be expected that

a. market price will increase. b. the output of existing firms will increase. c. profits of existing firms will increase. d. market demand should decrease. e. profits of existing firms will decrease

Describe how the marginal utility graphs for the hamburgers and milkshakes would compare for the \ data in the table. Be sure to note whether the slope of each graph would be positive or negative, whether it would approximate a curve or a straight line, and if either graph is steeper

What will be an ideal response?