Assume that the total utilities for the fifth and sixth units of a good consumed are 83 and 97, respectively. The marginal utility for the sixth unit is:
a. -14
b. 14
c. 83
d. 97
b. 14
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Answer the following statement true (T) or false (F)
What types of capital can improve the productivity of workers?
A. Technological and human B. Human and physical C. Physical and technological D. Human, technological, and physical capital are all determinants of productivity
How would the Bureau of Labor Statistics classify a person who is not working and refuses an offer of employment in order to keep looking for a better job?
What will be an ideal response?
A complete cases estimator is an estimator that uses: only observations with a complete set of data on y and x1, ..., xk
A. only observations with a complete set of data on x1, ..., xk. B. complete information about the residuals. C. only observations with a complete set of data on y and x1, ..., xk. D. complete information about the outliers.