Author Question: Suppose there are two types of labor, high skilled and low skilled. The demand curve for high ... (Read 408 times)

cabate

  • Hero Member
  • *****
  • Posts: 537
Suppose there are two types of labor, high skilled and low skilled.
 
  The demand curve for high skilled labor lies ________ the demand curve for low skilled labor and the supply curve of high skilled labor lies ________ the supply curve of low skilled labor. A) above; above
  B) above; below
  C) below; below
  D) below; above

Question 2

Based on the above figure of the costs at Barney's Bagel Bakery, at which level of output will diminishing marginal returns first occur?
 
  A) at 1 bagel
  B) at 500 bagels
  C) at 2000 bagels
  D) at 3000 bagels



sarahccccc

  • Sr. Member
  • ****
  • Posts: 318
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

For a complete list of videos, visit our video library