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Author Question: High-skilled workers have A) a lower value of marginal product because they have higher wages. ... (Read 114 times)

moongchi

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on: Jun 29, 2018
High-skilled workers have
 
  A) a lower value of marginal product because they have higher wages.
  B) the same labor supply curve as do low-skilled workers.
  C) more human capital than do low-skilled workers.
  D) None of the above answers is correct.

Question 2

The principle of increasing marginal cost does not apply to public goods. Is this statement correct or not?
 
  What will be an ideal response?


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Kjones0604

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

The statement is false. For both public goods and private goods, the marginal cost increases as more of the good is produced.


moongchi

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

milbourne11

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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