Use the figure below to answer the following questions. Figure 18.3.6
-Refer to Figure 18.3.6.This is the market for a group of workers.If point A represents the equilibrium for workers with higher human capital,which point represents the equilibrium for the workers with less human capital?

Question

Use the figure below to answer the following questions.  Figure 18.3.6
-Refer to Figure 18.3.6.This is the market for a group of workers.If point A represents the equilibrium for workers with higher human capital,which point represents the equilibrium for the workers with less human capital?

Quizplus · Accepted Answer

Point I represents the equilibrium for workers with less human capital because it is located at a lower wage and higher quantity of labor compared to point A, indicating that these workers are less scarce and less valued in the market.

Use the Figure Below to Answer the Following Questions