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. If the labour markets are competitive, then for a 40-hour work week, high-skilled workers must be paid
A) an extra $3 to compensate for the cost of acquiring their human capital and for their increased productivity.
B) an extra $20 to compensate for the cost of acquiring their human capital and for their increased productivity.
C) an extra $120 to compensate for the cost of acquiring their human capital and for their increased productivity.
D) an extra $300 to compensate for the cost of acquiring their human capital and for their enhanced productivity.
E) an extra $180 to compensate for the cost of acquiring their human capital and for their increased productivity.
Correct Answer:
Verified
Q74: Use the figure below to answer the
Q75: Use the figure below to answer the
Q76: Complete the following sentence. Assortative mating
A)tends to
Q78: Use the figure below to answer the
Q78: Assortative mating means that
A)poor men tend to
Q79: Which of the following statements is false?
Q80: Use the figure below to answer the
Q81: Use the figure below to answer the
Q83: Technological change _ the demand for high-skilled
Q84: Use the figure below to answer the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents