This topic contains a solution. Click here to go to the answer

Author Question: By human capital, economists mean A) machines that replace humans. B) machines engineered to ... (Read 66 times)

hbsimmons88

  • Hero Member
  • *****
  • Posts: 526
By human capital, economists mean
 
  A) machines that replace humans.
  B) machines engineered to avoid operator injury.
  C) the accumulated skill and knowledge of humans.
  D) humans who perform repetitive tasks.

Question 2

To find the economy's marginal social benefit curve for a public good, we sum the individual marginal benefit curves horizontally. True or false? Explain.
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

chem1s3

  • Sr. Member
  • ****
  • Posts: 320
Answer to Question 1

C

Answer to Question 2

The statement is false. To find the economy's marginal social benefit curve of a public good, we sum the individual marginal benefit curves vertically because we need to obtain the sum of what everyone together is willing to pay for each unit of a public good.




hbsimmons88

  • Member
  • Posts: 526
Reply 2 on: Jun 29, 2018
:D TYSM


bblaney

  • Member
  • Posts: 323
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

For a complete list of videos, visit our video library