Author Question: High-skilled workers have A) a lower value of marginal product because they have higher wages. ... (Read 162 times)

moongchi · **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?

Kjones0604 · **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.