Author Question: Even if, on average, better-educated individuals can earn more money, all persons with more ... (Read 45 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?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

For a complete list of videos, visit our video library