Solved

Use the Figure Below to Answer the Following Questions

Question 95

Multiple Choice

Use the figure below to answer the following questions.
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 A) remain the same. B) decrease. C) increase to 40 hours per week. D) increase to 50 hours per week. E) none of the above
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


A) remain the same.
B) decrease.
C) increase to 40 hours per week.
D) increase to 50 hours per week.
E) none of the above

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions