Which of the following is the most important contributor to human capital?

Refer to the figure above. What is the profit-maximizing quantity that the monopolist should produce if it faces a constant marginal cost of $3?

A) 200 units B) 300 units C) 400 units D) 600 units

Land inheritance in the Southern Colonies differed from inheritance in the Middle and New England Colonies in that

(a) the policy of primogeniture was followed in the South, which encouraged the formation of large land-holdings, whereas primogeniture was normally not followed outside the South. (b) primogeniture was actually followed throughout the colonies but the crops grown in the South, such as tobacco, required larger land-holdings to be profitable than those outside the South. (c) in the South, the large slave plantations had to be re-granted by the colonial government after the death of the owner, usually to the eldest son, but this was not required outside the South. (d) all of the above