An increase in the supply of labor will increase the amount of labor employed in the production process, and will eventually shift the LRAS curve to the right. A (An) institutionrefers to the rules of the game in a society or, more formally, the humanly devised constraints that shape human interaction. If Q = T (L + K), and K is 3, L is 6, and T = 0.4, then Q equals 3.6units of output. The emphasis in new growth theory is on ideasrather than on objects. human capitalis what you acquire by attending college, plus the skills and knowledge you pick up through education, training, and experience.

Telecom co. enters into a two-year contract with a customer to provide wireless service (voice and data) for $40 per month. to induce customers, telecom co. provides a free phone. telecom co. normally sells the phone on a stand-alone basis for $200. telecom co. also charges the customer a one-time activation fee of $35.which of the following is true? a) there are two distinct performance obligations: the voice service and the data service b) the free phone constitutes as a marketing expense c) the activation fee is a separate performance obligationd) there are two distinct performance obligations: the wireless services and the phone