This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: High-skilled workers have A) a lower value of marginal product because they have higher wages. ... (Read 142 times)

moongchi

  • Hero Member
  • *****
  • Posts: 516
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?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Kjones0604

  • Sr. Member
  • ****
  • Posts: 327
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

  • Member
  • Posts: 516
Reply 2 on: Jun 29, 2018
:D TYSM

kishoreddi

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Conscientiousness is negatively correlated with a number of health-related behaviors. The higher the ... Conscientiousness is negatively correlated with a number of health-related behaviors. The higher the ...
Reconnect the lower back with the shoulder with a few deep effleurage strokes. Then place one hand ... Reconnect the lower back with the shoulder with a few deep effleurage strokes. Then place one hand ...
Apply superficial friction to the upper and lower back. Stand to one side. Ask the recipient to lean ... Apply superficial friction to the upper and lower back. Stand to one side. Ask the recipient to lean ...
Share of Human Capital in Wages in Developing Countries Share of Human Capital in Wages in Developing Countries
Testing the arterial supply to the lower extremities Testing the arterial supply to the lower extremities
To find the derivative use product rule To find the derivative use product rule
Video: The pH scale - Strong acids and Weak acids

For a complete list of videos, visit our video library