Why is a college graduate more likely to get a job in management than is someone with only a high school diploma, even when the job has nothing to do with a specific type of education?
Increasingly, a college education is used as a screening device to keep the number of job applicants manageable. A college education signals to an employer that the applicant has worked at least four years and achieved something (an education as well as the certificate, hopefully). Empirical evidence also suggests that college graduates are more productive.
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Answer the next question based on the following demand and cost data for a specific firm.Demand DataCost Data(1) Price(2) Price(3) QuantityTotal OutputTotal Cost$50$3522$4545303355402544703520559030156611525107714520588180In the long run, the number of firms in this monopolistic competitive industry will most likely
A. stay the same. B. decrease. C. increase. D. cannot be determined from the given data.
Selling costs, such as advertising, are likely to be a large share of total cost in an industry that is
A) perfectly competitive. B) monopolistically competitive. C) a monopoly. D) non-profit.
Historical note: All of the following were examples in the text of goods that had been patented except
a. penicillin b. tabs on beer and soda cans c. Polaroid's instant film camera d. watercolor paint e. Xerox's photocopier
Would one expect the imports and exports between two countries to be approximately equal?
What will be an ideal response?