With a human capital investment (such as the investment in going to college), the most important cost tends to be
A) foregone leisure.
B) books and equipment.
C) the opportunity cost of not working.
D) taxes.
C
Economics
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According to the economy's self-correcting mechanism, how does the economy return to potential output following a negative demand shock? How is the recovery process different, if the government implements a policy of economic stimulus?
What will be an ideal response?
Economics
If average total costs are $40 and average variable cost are $20 at 10 units of output and the marginal cost of the 11th unit is $30, what is the average total cost of 11 units?
a. $23.00 b. $20.09 c. $30.00 d. $39.09
Economics