Author Question: Even if, on average, better-educated individuals can earn more money, all persons with more ... (Read 40 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?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

For a complete list of videos, visit our video library