Suppose there are two types of labor, high skilled and low ...

[cabate]

Suppose there are two types of labor, high skilled and low skilled.
 
  The demand curve for high skilled labor lies ________ the demand curve for low skilled labor and the supply curve of high skilled labor lies ________ the supply curve of low skilled labor. A) above; above
  B) above; below
  C) below; below
  D) below; above

Question 2

Based on the above figure of the costs at Barney's Bagel Bakery, at which level of output will diminishing marginal returns first occur?
 
  A) at 1 bagel
  B) at 500 bagels
  C) at 2000 bagels
  D) at 3000 bagels

[sarahccccc]

Answer to Question 1

A

Answer to Question 2

B