Author Question: Using the above figure, the efficient amount of paper produced is A) 60 million tons. B) 80 ... (Read 67 times)

lindiwe · **on:** Jun 29, 2018

Using the above figure, the efficient amount of paper produced is

A) 60 million tons.
B) 80 million tons.
C) 100 million tons.
D) 120 million tons.

Question 2

In the figure above, if the government starts to provide university education at no charge, in the long run, the wage rate of high-skilled workers will ________ and the wage rate of low-skilled workers will ________.

A) rise; fall
B) fall; rise
C) fall; fall
D) rise; rise