Use the figure below to answer the following questions.
Figure 19.3.5
-Refer to Figure 19.3.5. This figure shows the labour supply curves and the value of marginal product curves for high-skilled and low-skilled workers. The equilibrium wage rate for high-skilled workers is
A) $5 an hour.
B) $4 an hour.
C) $6 an hour.
D) $8 an hour.
E) $7 an hour.
Correct Answer:
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