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Author Question: In the figure above, the difference in wage rate between low-skilled and high-skilled labor is A) ... (Read 97 times)

schs14

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on: Jun 29, 2018
In the figure above, the difference in wage rate between low-skilled and high-skilled labor is
 
  A) 16.
  B) 8.
  C) 20.
  D) 28.

Question 2

At the best affordable point, consumers equate their marginal rates of substitution to
 
  A) their money income.
  B) their real income.
  C) relative prices.
  D) relative quantities.


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catron30

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


schs14

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

kusterl

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Reply 3 on: Yesterday
Excellent

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