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Author Question: A college education can be a signal because A) a college education is expensive. B) those who ... (Read 178 times)

Ebrown

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on: Jul 1, 2018
A college education can be a signal because
 
  A) a college education is expensive.
  B) those who graduate college have successful parents, and are therefore also likely to be successful.
  C) highly capable people are more likely to finish college than those with low capabilities.
  D) college teaches useful skills and gives valuable training.

Question 2

Which of the following relationships implies that a firm's short-run cost function is linear?
 
  A) MC = AC
  B) MC = AVC
  C) AC = AFC + AVC
  D) MC > AC


briseldagonzales

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

B


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