Solved

The Larger the Value of Marginal Product of a Skill,the

Question 10

Multiple Choice

The larger the value of marginal product of a skill,the


A) larger the vertical difference between the demand curves for high- and low-skilled labor.
B) smaller the vertical difference between the demand curves for high- and low-skilled labor.
C) larger the vertical distance between the supply curves for high- and low-skilled labor.
D) smaller the vertical distance between the supply curves for high- and low-skilled labor.
E) higher is the wage rate at which the demand curve for high-skilled workers crosses the demand curve for low-skilled workers.

Correct Answer:

verifed

Verified

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

Related Questions