During World War II, the increasing productivity of workers who built ships was due primarily to
A) human capital accumulation through schooling and training.
B) human capital accumulation by repeatedly doing the same tasks.
C) discoveries of new and better technologies.
D) investments by shipyards in new capital equipment.
B
Economics
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Which of the following is true?
A) MSB = MB + Marginal external benefit. B) MB = Marginal external benefit - MSB. C) MB = Marginal external benefit + MSC. D) MSB = Marginal external cost - marginal external benefit. E) MSB = MB + Marginal external benefit - Marginal external cost.
Economics
Which of the following is FALSE for a profit-maximizing single-price monopolist?
A) P = MC B) MC = MR C) P > MR D) None of the above because they are all true.
Economics