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Naya [18.7K]
3 years ago
5

Which theory suggests that workers with more education earn higher wages because the extra schooling has given them additional s

kills for the job
Business
1 answer:
san4es73 [151]3 years ago
7 0

Answer:

The human capital theory

Explanation

The human capital theory explores the relationship between investment in human capital and earnings.

Investment in human capital can take the form of education or training.

The theory suggest that those that invest in human capital earn higher income

The human capital theory also explores pattern of earnings. The theory suggests that the earnings of young people would be low as they would forgo earnings to invest in human capital . Earnings would increase as one gets older because old people invest less in education and training

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Answer:

4 houses per month.

Explanation:

Note: See the attached file for the calculation.

Efficient scale of production is can be described as the number of units of production where average total cost (ATC) of production is lowest.

From the attached file, the ATC of $70 is the lowest at 4 houses per month and 4 houses per month is therefore the efficient scale.

Download xlsx
4 0
3 years ago
________ means that service quality depends on the quality of buyer-seller interaction during the service encounter.
Anika [276]

Answer: interactive marketing

Explanation:

Interactive marketing is also referred to as event-driven marketing or trigger based marketing and it simply has to do with using an effective communication which is two-ways to enable the consumers connect directly with a company.

Interactive marketing means service quality depends on the quality of buyer-seller interaction during the service encounter.

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3 years ago
The person or group most responsible for a product meeting is:
Debora [2.8K]

Answer:

both the leader and the participants.

Explanation:

you can't have a meeting with just a leader it's got to have participants no matter their title if it's a meeting in which those specific people have to attend wether they are senior member or other leaders, a meeting contains all the individuals called to attend it.

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3 years ago
A nation can achieve higher economic growth if: Group of answer choices it devotes more resources to research and development. t
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Answer:

devotes more resources to research and development.

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Economic growth is the rise in the GDP of a country.

A country can increase economic growth by :

  • increasing labour productivity
  • increasing capital
  • increasing technological progress
  • By devoting more resources to research and development
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