Compared to low-skilled workers,high-skilled workers have a ________ value of marginal product and ________ opportunity cost of obtaining their skills.

Question

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High-skilled workers have a higher value of marginal product because they are able to produce more output with their specialized skills, which increases their demand in the labor market. At the same time, they have a higher opportunity cost of obtaining their skills because it often requires more years of education and training, which comes with a higher financial cost and the potential loss of income from not working during that time.

Compared to Low-Skilled Workers,high-Skilled Workers Have a ________ Value of Marginal