Which of the Following Would Not Be Considered Human Capital

question 22

Multiple Choice

Which of the following would not be considered human capital?

• A) the golf clubs a professional golfer uses to play golf
• B) the golf balls a professional golfer uses to play golf
• C) the device a golfer uses to accurately measure distances on a golf course
• D) none of the above would be considered human capital

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Definitions:

Marginal Cost

The additional cost incurred by producing one more unit of a good or service.

Total Variable Cost

The total of all variable expenses which change with the level of output.

Economic Consultant

A professional who provides expert advice on economic matters, including analysis, forecasting, and policy recommendations.

Marginal Cost

Marginal Cost is the cost of producing one additional unit of a good.