Which of the following is not an investment in human capital?
A. An individual decides to enroll in a vocational training program.
B. The government expands its programs to improve health care.
C. The government increases the level of unemployment benefits.
D. A firm engages in on-the-job training.
Answer: C
Economics
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The figure above represents the competitive market for slices of key lime pie. When 60 slices are produced, the marginal cost
A) exceeds the marginal benefit. B) is less than the marginal benefit. C) equals the marginal benefit. D) is not defined. E) equals the deadweight loss on the 60th slice.
Economics
A utility-maximizing consumer would not consume more of a good if
a. marginal utility increases as more is consumed b. total utility diminishes as more is consumed c. MU/P < 1 d. MU/P < 1 e. MU/P = 1
Economics