Multiple Choice
Which one of the following is FALSE?
A) Using capital in the production process does not add to output; it simply allows the firm to earn a greater profit than it would otherwise.
B) Using capital in the production process allows each worker to produce more.
C) Firms will employ capital in the production process if it creates the least-cost combination of inputs.
D) Human capital arises from a worker's education, training, and experience.
Correct Answer:
Verified
Correct Answer:
Verified
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