The above figure shows the supply and demand curves for ...

[debasdf]

The above figure shows the supply and demand curves for high-skilled and low-skilled labor. The figure shows that high-skilled workers earn a wage rate greater than low-skilled workers because
 
  A) the supply of high-skilled labor is greater than the supply of low-skilled labor.
  B) high-skilled labor has a lower value of marginal product.
  C) of both the cost of acquiring skills and the differences in the value of marginal products.
  D) of discrimination.

Question 2

A monopolistically competitive firm can increase its economic profit by ________.
 
  A) developing new products
  B) producing at the efficient quantity
  C) eliminating excess capacity
  D) advertising less

[Dnite]

Answer to Question 1

C

Answer to Question 2

A

[debasdf]

Thank you

[Dnite]

No problemo