When a U.S. company shifts some of its production to Mexico, it is engaging in

Suppose it costs a farmer $1.00 to produce 1 unit of corn, $2.10 to produce 2 units of corn, and $3.30 to produce 3 units of corn. What's the average cost of producing 3 units of corn?

A) $1.00 B) $1.10 C) $2.10 D) $3.30

Which of the following are reasons to suspect spending on education might overestimate human capital investment?

A) Education spending leaves out foregone wages. B) Part of total spending on education is really consumption. C) Much human capital investment comes from on-the-job training. D) all of the above E) none of the above