
-The figure above shows the market for high and low-skilled labor.Demand curve DA represents the demand for ________ labor because ________.
A) low-skilled; low-skilled labor has a lower value of marginal product of labor than high-skilled labor
B) low-skilled; firms can afford to hire more low-skilled labor at lower wages
C) low-skilled; low-skilled labor's marginal product declines faster than high-skilled labor
D) high-skilled; firms cannot afford to hire as many high-skilled workers
E) high-skilled; high-skilled workers pay higher wages so they have lower disposable income
Correct Answer:
Verified
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