Author Question: Even if, on average, better-educated individuals can earn more money, all persons with more ... (Read 49 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?

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?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

For a complete list of videos, visit our video library