Answer:
As your level of education increases, your income potential also increases.
Explanation:
As per the graph, the highest earners are holders of a doctoral degree, professional degrees, and master degrees. These are highly educated individuals.
At the bottom end, the lowest earners are those with high school diplomas and below.
The graphs clearly illustrate that acquiring a high level of education increases the probability of increased earning.
Answer:
See the attached picture for detailed answer.
Explanation:
See the attached picture for explanation.
True. A monopolist does not face the same constraints as an open or free market but instead is bounded by the consumers' demand for its products. Therefore, the firm's decision about how much to supply is directly related to its demand curve because they can produce as much or as little as the consumes demand.
