Explain the opportunity cost of investing in capital. Is there any difference in the opportunity cost of investing in human capital versus physical capital?

Q: Is Income determined by the Scarcity of Your Contribution, and Not the Value of Human Worth?

A: ANSWER Scarcity refer to the basic economic problem- the gap between limited resources and limitless…

Q: What are the two components of the user cost of capital? What is a capital good for both of the…

A: Capital Good:Definition: A capital good is a tangible, durable asset used in the production process…

Q: Human capital refers to society’s understanding of the best ways to produce goods and services.

A: ‘Human capital’ refers to the compilation of ‘skills’, ‘education’ , ‘technical’ & ‘process…

Q: Write the production function (human capital (H) being included in TFP) and explain the content of…

A: Production function: Y = F(K,L,H,A)

Q: Discuss the golden rule level of capital using a diagram and explain why it is beneficial?

A: Golden rule level of capital The Golden rule level of capital refers to the state where we maximize…

Q: In the flow of capital (M -> C -> M'), who owns the value of M'?

A: Karl Marx is associated with the concept of circuit of capital. According to Marx, capital is a…

Q: What is the marginal cost of capital?

A: Marginal cost denotes an addition to the total cost that incurred in the process of producing an…

Q: What models does Gary Becker use to justify and explain human capital and why economics should focus…

A: The late Professor Gary Stanley Becker (1930-2014), was one of the early and key theorists of "the…

Q: How does magna carta define small and medium enterprises?

A: Enterprises, in general, refer to organizations or businesses that are engaged in economic…

Q: The term capital, as used by economists, refers to a   money b   the physical space in which…

A: In economics, the term capital is used in economic activity when an individual or a firm wants to…

Q: explain the importance of production function and how can we enhance the productivity of a factor.

A: The production function is the mathematical function that shows the relationship between the input…

Q: What is productivity? Describe the factors of productivity.

A: Productivity is the ratio of output to input which are used in the process of production. It is the…

Q: Compare and contrast natural resources and natural capital

A: Resources: An asset is an actual material that people need and worth like land, air, and water.…

Q: O A. Pine trees in the great northwestern US forests. B. a table saw used to produce furniture in…

A: Physical capital is called tangible asset and it is used for making product. These assets are man…

Q: What do you mean by capital loss. Write a brief answer

A: A capital loss is said to occur when the actual value of a capital asset, such as an investment or…

Q: Why do you think the various factors of production is an important concept of economic in…

A: Increases in the quality and quantity of the factors of production, which are divided into four…

Q: What is meant by the term cost of living? Define and explain it.

A: Cost of living is a way to calculate the minimum amount of money required to cover basic need of an…

Q: What is estimation of economic Opportunity cost of capital

A: There are different methods to to estimate the economic opportunity cost of capital. Such as:-…

Q: What are output per worker, capital per worker, steady-state capital per effective worker and…

A: A worker is a person who participates in productive activities that contribute to the economy's flow…

Q: In economics, what does capital correspond to? Select one: a. Money. b. To the productive factors…

A: In economics, capital implies the broad category of productive assets and resources used in the…

Q: In Economics, explain Human capital; General and specific, Examples and Definitions

A: Human capital implies the skills, knowledge, experience, and characteristics that individuals…

Q: What is opportunity cost? As scarce resource, financial capital has opportunity cost. What…

A: Opportunity cost is associated with almost every resource used by individuals when making social and…

Q: Do you feel that overall technology positively or negatively impacts the economy? Cite two…

A: Production function of a firm shows the technical relationship between output produced and inputs…

Q: What is the significance of the mobility of factors of production (land,capital,labour,…

A: Factors of production: - The inputs that are used to produce goods and services known as the factors…

Q: What are the Possible Sources of Capital: Micro Economics Business Concept.

A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…

Q: What impact do sewing robots have on capital per worker and human capital per worker? What impact…

A: Sewing robot is one type of robot they are  perform task automatically .Other robot are mostly…

Q: he concept and give other applications of the learning curve. What does 90 percent learning curve…

A: A learning curve refers to the graph that shows the relation between the performance of the learner…

Q: Explain why the cycle of productive capital represents the constant renewal of capital-value, as…

A: Individual capital has always started its journey in monetary form. The entire movement is boosted…

Q: In Investment in Human Capital (1962) paper by Gary Becker, what were his key findings and why was…

A: Most people associate capital with a bank account, a hundred shares of IBM stock, assembly lines,…

Q: In economics, which of the following is not considered capital? Equipment Stocks and bonds Offices…

A: Answer : stocks and bonds

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: Identify the Four Types of Models in Economic Capital Modeling

A: Economic Capital Modeling Economic capital represents the amount of capital investment, or equity,…

Q: Why is "financial capital" unable to be categorized as an attribute of production?

A: Financial capital refers to funds or monetary assets that are used by businesses or individuals to…

Q: Discuss the ways a college degree a form of capital.

A: A college diploma is a type of capital because it will potentially help you acquire a better-paying…