High-skilled workers have A) a lower value of marginal product ...

[moongchi]

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?

[Kjones0604]

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]

Thanks for the timely response, appreciate it

[miss_1456@hotmail.com]

Wow, this really help