An example of human capital would be: O A carpenter's saw. Workman's comp insurance. A computer. O Carpentry skills.

Q: Which of the following does NOT explain differences in tota factor productivity Ā? (Hint: remember…

A: The factor of Production: The factor of production refers to the inputs that are utilized. There are…

Q: what are the four broad categories of labor in order from lowest to highest paying?

A: The amount of mental, physical, and social effort needed to produce goods and services in a given…

Q: Which of the is NOT likely to increase the supply of labor? A. A big increase in the school…

A: To properly answer this issue, one must comprehend the variables that affect an economy's labor…

Q: Which type of worker would earn the high income but has lesser marginal productivity?     a.Fashion…

A: At the marketplace, it can be seen that different occupation provide different range of income to…

Q: Explain the Economic Function of the Entrepreneur

A: Economics studies how resources are allocated in a manner that most of the human wants are met. A…

Q: A job is a contract between a OA. bank; household; capital OB. manufacturer; retailer;…

A: The different factors of production include capital, land, labour, and entrepreneurs. These are…

Q: Which of the following actions is an example of an improvement in human capital? O A. Marcus hires…

A: The development of skills in workers leads to human capital. This increases the productivity.

Q: Productivity is O A. the value of profit divided by the number of production workers O B. the value…

A: Hello, thank you for the question. Since there are multiple questions asked here, only the first…

Q: What is the response in a firm’s labour demand to a fall in the price of capital? How might such a…

A: ANSWER   The markets are the place where the buyers, or the consumers of goods and services tend to…

Q: All of the following, except one, are examples of the factor land. Whi exception? O Minerals Natural…

A: There are four factors of production, i.e., land, labor, capital, and entrepreneurship.

Q: Which of the following best represents the distribution of labor in modern economies? A. 1/3…

A: According to the modern economists sees the economics as a science of efficiency and growth that…

Q: What is q group of workers

A: workers are the employees working for an organization.

Q: Some types of technological changes reduce the cost of capital. Use the concepts of substitutability…

A: Some developments in technology increases efficiency that reduces cost of capital expenditure.

Q: Give some examples of direct labor?

A: Direct laborers are the individuals and staff who produce the company’s products and provide…

Q: What is the response in a firm’s labour demand to a fall in the price of capital? How might such a…

A: The markets are the place where the buyers, or the consumers of goods and services tend to interact…

Q: Which of the following explains the slope of the demand curve for labor? a. the marginal…

A: Law of diminishing marginal productivity states that the marginal production from the additional…

Q: Answer the question on the basis of the following output data for a firm. Assume that the amounts of…

A: The formula:Marginal product = change in total output

Q: Why does a fall in price of capital leads to increase in demand for labor?

A: The relationship between the price of capital and the demand for labor is a crucial aspect of…

Q: The diagram to the right contains isocost lines A and B. If the price of labour is the same for both…

A: Isocost line shows different combination of two inputs that firm can purchase using given budget…

Q: Identify the market in which labour is bought and sold

A: Labor refers to the physical and mental effort exerted by individuals to produce goods or services.…

Q: What may be wrong with over-specialization for workers in factories? A. Work culture may worsen B.…

A: Specialization: It refers to the process under which the person do same and same task again and…

Q: The figure shows the cost of college for high- and low-productivity workers. Based on the college…

A: Productivity has a positive relationship with the wages of the employees. Once an employees starts…

Q: Let's say you stay in Blacksburg over the summer and work for S10/hr. Once classes start in the…

A: The next best alternative is frequently referred to as opportunity cost. It is the cost associated…

Q: 66. Which of the following input factor takes risk, innovates and coordinates А. О Сapital B. O…

A: Option D Entrepreneur takes risk in business by allocating his capital and time, does innovation and…

Q: What is the difference between labor and human capital? How can human capital be increased?

A: A firm undertakes production for the purpose of earning profits. Production is made possible by the…

Q: Characteristics of labour

A: A person or a group of people who perform physical work for reward for example loading/ unloading of…

Q: A job is a contract between a and a A. bank; household; capital B. manufacturer; retailer;…

A:

Q: Define the term, "human capital."

A: We all know that better education, advance training, skills and expertise gained through…

Q: Which situation best illustrates the concept of division of labor? O A. A business hires employees…

A: Specialization refers to a country's propensity to specialise in such items that it trades for other…

Q: Show the effect of each of the following events onthe market for labor in the computer…

A: a) If a congress buys personal computers for all U.S college students, this leads to a rise in the…

Q: Which of the following is an investment in human capl O A firm engages in on-the-job training. O An…

A: Human capital is the amount of knowledge, skills, health, and experience posses by the worker.

Q: how will each of the following scenario impact the market for labour. workers become more concerned…

A: The labor market is the backbone of the production process in the economy. Any immigration of the…