Multiple Choice
Use the figure below to answer the following questions. Figure 18.3.5
-Refer to Figure 18.3.5.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
A) remain the same.
B) decrease.
C) increase to 40 hours per week.
D) increase to 50 hours per week.
E) increase to 60 hours per week.
Correct Answer:

Verified
Correct Answer:
Verified
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