A business incurs the following costs per unit: Labor - $125/unit; Materials $45/unit and rent - $25000/month. If the firm produces 1,000,00 . units a month, the total costs equal

Differences in the stock of physical capital between nations are an example of a(n):

A) implicit cause of prosperity. B) proximate cause of prosperity. C) fundamental cause of prosperity. D) explicit cause of prosperity.

Who would be most likely to move from Europe to the New World in the early 1600s?

a. A 19 year-old, first born son with many skills b. A 37 year-old skilled carpenter c. A 17 year-old from a poor family d. A 21 year-old woman e. An unskilled laborer with a wife and two children