This topic contains a solution. Click here to go to the answer

Author Question: The demand curve for low-skilled labor lies to the left of the demand curve for high-skilled labor ... (Read 427 times)

debasdf

  • Hero Member
  • *****
  • Posts: 570
The demand curve for low-skilled labor lies to the left of the demand curve for high-skilled labor because
 
  A) there are more high-skilled workers than low-skilled workers.
  B) high-skilled workers require more compensation than low-skilled workers.
  C) high-skilled workers are more productive than low-skilled labor.
  D) firms do not see any difference between high-skilled labor and low-skilled labor.

Question 2

The above figure shows the costs at Barney's Bagel Bakery. As the amount of output increases, the AVC curve approaches the ATC curve because the
 
  A) TFC curve (not shown) slopes down.
  B) AFC curve (not shown) slopes down.
  C) MC curve is rising.
  D) AVC curve is rising.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

juliaf

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

C

Answer to Question 2

B




debasdf

  • Member
  • Posts: 570
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


TheNamesImani

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Excellent

 

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

For a complete list of videos, visit our video library