Multiple Choice
Use the figure below to answer the following questions.
Figure 19.1.2
-Refer to Figure 19.3.1. At the equilibrium wage rates,
A) more high-skilled workers will be hired than low-skilled workers.
B) more low-skilled workers will be hired than high-skilled workers.
C) the horizontal distance between the two demand curves is the compensation for the cost of acquiring human capital.
D) the horizontal distance between the two supply curves is the value of marginal product of skill.
E) value of marginal product is maximized.
Correct Answer:

Verified
Correct Answer:
Verified
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