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 there is an increase in the supply of high-skilled workers and the supply of high-skilled workers is now equal to the supply of low-skilled workers, then employment of high-skilled labour would

Question

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 there is an increase in the supply of high-skilled workers and the supply of high-skilled workers is now equal to the supply of low-skilled workers, then employment of high-skilled labour would

Quizplus · Accepted Answer

An increase in the supply of high-skilled workers, making it equal to low-skilled workers, would likely lead to an increase in employment hours for high-skilled workers, potentially up to 50 hours per week, assuming the demand remains constant or increases.

Use the Figure Below to Answer the Following Questions