Which of the following actions is an example of an improvement in human capital?   A. Marcus hires three workers for his thriving electrical business.     B. Michelle applies for a job as a mechanical engineer at Honeywell.     C. Hawk Builders of Phoenix builds two new hospitals.     D. Frank's Furniture trains all of its employees to use computers.

Q: What is happening to the supply of women who are part of the workforce? What has motivated this…

A: Answer-1:- Covid-19 pandemic has hit the world economy very badly. Almost all the nations went under…

Q: You are given a scenario where this a change in a factor of production or a change in demand for an…

A: Since it is a multiple-part question, we will answer only the first three parts for you. If you want…

Q: "If PL = $1 while PK = $2, ABC should spend its last dollar on Labor." Is this statement true or…

A: According to theory of factor pricing, the marginal revenue productivity affects the price of…

Q: On average, men earn more than women. Identify the statements that could reasonably explain the…

A: This can be described as a terminology that shows the difference or inequality between two or more…

Q: In the market for goods and services in the circular flow diagram,  Select one:  A. firms provide…

A: The circular flow can be explained as the flow of goods & services along with the money, which…

Q: Mike's expected utility. (b) What is the maximum amount that Mike is willing to pay for auto insurar…

A: The expected utility theory is a famous idea in financial aspects that fills in as a kind of…

Q: An electrician quits her current job, which pays $25,000 per year. She can take a job with another…

A: Opportunity cost is the next best alternative foregone to attain some kind of decision. The concept…

Q: There are four types of people: 1. Type 1 (100): Can earn $5 per hour 2. Type 2 (400): Can earn…

A: Analyze the effects of a means-tested welfare program on labor supply. We will use the concept of…

Q: Which of the following is NOT an investment in human capital? Group of answer choices Older workers…

A: Human capital considers not only the employees of the company, but also their contributions to the…

Q: All of the following are reasons why prime age men are not working EXCEPT O a rise in the number who…

A: This can be described as a situation in an economy where an individual is qualified for the job and…

Q: Terry's Taco Patio uses corn tortillas, meat, a large property, and workers to make their tacos.…

A: Factors of production are the factors used for producing the goods and service. These factors…

Q: Which of the below statements is INCORRECT for "human capital"?

A: People who are divided into the workforce are called human resources/capital. By contributing to…

Q: Use the grey quadrilateral (star symbols) to shade the area representing the direct costs of…

A: Opportunity cost is the value of the goods and services foregone to obtain another goods. It can be…

Q: Rocky Gap Furniture hires eight employees working eight hours each to produce 176 rocking chairs.…

A: Economic production is like a symphony, where resources harmonize to generate wealth. It's the skill…

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: GDP

A: Gross Domestic Product (GDP) is a key indicator used to determine the monetary performance of a…

Q: None

A: As given in the question, Myrna earns $450 for working at HempHill's Drug Store. Which means Myrna…

Q: The productivity of labor is defined as the    number of hours a worker spends at work.…

A: Productivity of labor or labor productivity shows the output produced per hour.  The higher…

Q: Which of the following is correct with regard to job specialization? a. Its application is limited…

A: When employees gain experience, knowledge, and education in a specific area of expertise, it is…

Q: The economic model of Human Capital Investment assumes that individuals choose their path through…

A: The human capital theory posits that people can build their useful limits through more prominent…