According to the aggregate production function, GDP increases when a nation increases the human capital of its workers. Social scientists refer to personal qualities seen to be helpful in the manufacturing process as "human capital." Individual incomes are significantly impacted by human capital. According to research, making economic investments in human capital pays off handsomely throughout youth and young adulthood.
Through education and training, for instance, businesses can invest in human capital, enabling higher standards of quality and output. Paul Romer, who created the current innovation-driven approach to comprehending economic growth, was jointly awarded the 2018 Nobel Prize for Economics as a result of his conceptualization.
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Answer: cross functional team
Explanation: In simple words, cross functional team refers to a group of individuals having expertise in different fields such as marketing, finance and technology etc. working towards same goal.
These kinds of groups are usually made in corporations that are involved in high profile projects requiring heavy resources and heavy expertise in different aspects of the operations.
In the given case, active appliances needs to make a software application and has formed a team consisting designer, programmer etc. Hence we can conclude that the given case depicts cross functional team.
The annual opportunity cost of a checking account that requires a $300 minimum balance to avoid service charges is $9. Read below about the analysis of the annual opportunity cost of a checking
<h3>What is the annual opportunity cost of a checking account that requires a $300 minimum balance to avoid service charges?</h3>
The calculation goes thus;
Annual opportunity cost = Minimum balance × Interest rate
= $300 × 0.03
= $9
Therefore, the correct answer is as given above
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A non-linear production is also known as a bending producing model. A non-linear production possibilities model estimates what amount of something can be produced using the economy's current resources and technology to make the predictions.
Answer:
b. $0.
Explanation:
We need to find the expected value of the gamble which is compared to $700. Given that there is apartments where 70 percent rent for $700 per month, 20 percent rent for $600 per month, and 10 percent rent for $500 per month. The cost to Alex of searching for an apartment is $40.
Expected cost of searching the next apartment = 700*0.7 + 600*0.2 + 500*0.1 + 40 = $700.
Now the first apartment has a rent of $700 and the expected cost of searching the next apartment is also $700. This implies the gamble has an expected value of $0 and Alex is indifferent between searching or non searching.