How would you recommend a high school student develop soft skills as an investment in their human capital?

Q: Suppose a new drug was discovered that slowed the deterioration of health that accompanies aging.…

A: A new drug was discovered that slowed the deterioration of health that accompanies aging.  The MEC…

Q: Some economists say that profit earner is a kind of

A: To find : What is  profit earner type

Q: 1. Is it possible for the market labor supply curve to have a negative slope over some wage…

A: 1) Yes, it is possible for the labour supply curve to have a negative slope after a certain level of…

Q: e. How would you explain your description in part (b) in terms of a supply and demand model of the…

A: e) The employment to population ratio has decreased in the recession of 2008. Unemployment has risen…

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: In what sense is education a type of capital?

A: In economics capital (k) is an essential element of wealth which defines the growth of the output.…

Q: How can profit motive lead to income inequality?

A: In capitalism, individuals are motivated by the profit incentive. The capitalist undertakes risky…

Q: 4.9 Going to Law School at the Age of 50. Although we might admire someone who decides to attend law…

A: The profit is maximized at the point where the marginal revenue is greater than the marginal cost.

Q: Why do economists say that discrimination is inerhently inefficent and therefore will not occur in…

A: Discrimination is the process of charging different prices from a different individuals in the…

Q: The following graph represents the demand and supply of retail labor in California. Which of the…

A: "In a labor market, demand for labor LD represents the demand for labor by firms to be involved in…

Q: a. Draw the wage-schooling locus for someone for whom the returns to schooling decrease through…

A: The labor economy tries to explain the operation and complexities of wage-labor economies. Labor is…

Q: After you graduate, you have decided to accept a position working at the Bureau of Labor Statistics…

A: Opportunity cost refers to the value of the next best alternative forgone. The benefit an individual…

Q: What is q group of workers

A: workers are the employees working for an organization.

Q: What is the theory of efficiency wages? If you were an employer, would you pay efficiency wages? At…

A: Wage is the sum of money that is paid to the workers by the employer on daily basis.

Q: Companies don’t have to but many a times do pay higher than minimum wages? Explain each briefly.…

A: A minimum pay permitted by law is the most reduced compensation that businesses can legitimately pay…

Q: why in her calculation of the cost of going to college, an economist would include the amount of…

A: Economic cost= Accounting cost+Opportunity cost.

Q: What is labor economics? Which types of questions do labor economists analyze?

A: The term labour applies to jobs in economics, and a labour receives wages on the basis of the…

Q: How does the ability to discriminate correctly affect his or her earnings?

A: The law of supply and demand governs how much a product costs. In a perfect or free market,…

Q: You are considering taking an econometric software course: R or STATA. The tuition is $1000, and…

A: There are two alternative options for the student - => To buy any course now without waiting…

Q: What is the marginal efficiency of capital?

A: The marginal efficiency of capital plays an important role in determining the profitability of an…

Q: Carefully explain how the following hypothetical situations would affect the cost. benefit…

A:

Q: Explain what is/are the advantage might Generation Y have in terms of education and income advantage

A: Generation Y have a set of abilities and characteristics that distinguish them as desirable…

Q: a) Overall effect on labour choice is the summation of income and substitution effect. Please…

A: Disclaimer: Since you have asked multiple questions, we will solve the first question for you. if…

Q: Suppose Congress were to mandate that all employers had to offer their employees a life insurance…

A: The policy being taken for securing the life of individuals from the occurrence of unfortunate…

Q: Why isn’t money considered a capital resource in economics? Why is entrepreneurial ability…

A: In economics, the problem of scarce resources is addressed as these resources are essential to meet…

Q: Complete the following table. Marginal Physical Product Marginal Revenue Product Number of Units of…

A: Change in output or total product per unit change in the quantity of labor employed is equal to the…

Q: If summer work for 12 hours and get paid 11 dollars an hour how much will she get paid in a week?

A: Let summer work for 7 days a week for 12 hours per day. Given; Total working hours= 12 hours per day…

Q: When does underemployment occur? A. It is when a person does have work B. It is when a person does…

A: Note: Since you have asked multiple questions, we will solve the first question for you. If you want…

Q: The marginal productivity of the third worker is (a) 30   (b) 40   (c) 50   (d) 90 (2)The average…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: What factor limits the amount a firm can pay a worker to produce a product?

A: The firm uses the labor or worker as long as it is profitable. The productivity of labor decides the…

Q: (Table) Based on the table, the value for C is Competitive Labor Market e MPP P VMP W 0 0 8 0 80 5 5…

A: MPP stands for marginal product of labor. It refers to change in total product from hiring one more…

Q: Suppose a new drug was discovered that slowed the deterioration of health that accompanies aging.…

A: A new drug was discovered that slowed the deterioration of health that accompanies aging.  The MEC…

Q: Stocks and bonds are examples of: a) natural resources. b) financial capital. c) physical capital.…

A: stocks and bonds are examples of financial capital