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 100 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
Great answer, keep it coming :)

parshano

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

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.

Lower extremity blood pressure cuff Lower extremity blood pressure cuff
Rivers Are a Product of Their Watersheds Rivers Are a Product of Their Watersheds
Bones of the lower extremities. Bones of the lower extremities.
Massage is used as a complement to standard medical treatment in hospitals and skilled nursing ... Massage is used as a complement to standard medical treatment in hospitals and skilled nursing ...
Inspecting the conjunctiva of the lower lid Inspecting the conjunctiva of the lower lid
Find derivative using product rule Find derivative using product rule
Video: Hypoglycemia Animation

For a complete list of videos, visit our video library