Author Question: Even if, on average, better-educated individuals can earn more money, all persons with more ... (Read 52 times)

JGIBBSON

  • Hero Member
  • *****
  • Posts: 538
Even if, on average, better-educated individuals can earn more money, all persons with more schooling will not necessarily have higher incomes.
 
  Indicate whether the statement is true or false

Question 2

The situation pictured in Figure 6.3
 
  A) is one of increasing marginal returns to labor.
  B) is one of increasing marginal returns to capital.
  C) is not consistent with diminishing marginal product of labor or capital.
  D) shows constant returns to scale.
  E) shows diminishing marginal products of labor and capital.



flexer1n1

  • Sr. Member
  • ****
  • Posts: 373
Answer to Question 1

T

Answer to Question 2

E



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

The human body produces and destroys 15 million blood cells every second.

For a complete list of videos, visit our video library