« previous next »

Author Question: What is investment in human capital?[br][br][b][color=gray]Question 2[/color][/b][br][br]When a firm ... (Read 42 times)

leilurhhh

  • Hero Member
  • *****
  • Posts: 560
on: Jun 30, 2018
What is investment in human capital?

Question 2

When a firm earns economic profit
 A) accounting profits are zero.
  B) market share has be capitalized.
  C) other firms enter the market.
  D) total revenue has been maximized.


Anton

  • Sr. Member
  • ****
  • Posts: 302
Reply #1 on: Jun 30, 2018
Answer to Question 1

The skills an individual chooses to develop in order to earn a living is called human capital. Acquiring new skills or improving existing ones is an investment in the same sense as a business owner's decision to build a new plant. Both will generate income over a span of years. Investments in human capital take place under uncertainty. Attending college allows a student to build up general human capital which can raise productivity in almost any job a graduate might take. More specific choices are riskier, because future technologies and markets are intrinsically difficult to predict.

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Color enhanced X ray of large malignant tumor in the right lung. Color enhanced X ray of large malignant tumor in the right lung.
Question Question
The adsorption spectrum of rhodopsin compared with the human scotopic spectral sensitivity curve. The adsorption spectrum of rhodopsin compared with the human scotopic spectral sensitivity curve.
How the neural plate develops into the neural tube during the third and fourth weeks of human ... How the neural plate develops into the neural tube during the third and fourth weeks of human ...
Vestibular apparatus inside a human ear Vestibular apparatus inside a human ear
Gray Morris's Calculate with Confidence, Canadian Edition, 2nd Edition Gray Morris's Calculate with Confidence, Canadian Edition, 2nd Edition
Video: Definition of heart rate

For a complete list of videos, visit our video library