« 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 41 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?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Parts of human nervous system Parts of human nervous system
Remove cold source, and check the knee for changes. Notice skin color and changes in swelling around ... Remove cold source, and check the knee for changes. Notice skin color and changes in swelling around ...
A colorized image of human chromosomes A colorized image of human chromosomes
Human Viruses Associated with Cancers Virus Human Viruses Associated with Cancers Virus
economic question economic question
Hazel Eye Color Hazel Eye Color
Video: Retina

For a complete list of videos, visit our video library