Which one of the following is FALSE?
A) Using capital in the production process does not add to output; it simply allows the firm to earn a greater profit than it would otherwise.
B) Using capital in the production process allows each worker to produce more.
C) Firms will employ capital in the production process if it creates the least-cost combination of inputs.
D) Human capital arises from a worker's education, training, and experience.
Correct Answer:
Verified
Q66: What must be true in order for
Q67: Why does a projected population decline concern
Q68: Most of the population growth of the
Q69: Which one of the following is TRUE?
A)
Q70: Which one of the following is TRUE?
A)
Q72: What are the four factors of production?
A)
Q73: Why do firms seek to use the
Q74: How will immigration into the U.S. affect
Q75: You buy organic pears and frozen yogurt
Q76: You hire a handyman to repair some
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents