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Author Question: The Marginal Productivity Theory of Income DistributionThe graph shows the demand for low-skilled ... (Read 237 times)

wqwpfwpoefnpwenf

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The Marginal Productivity Theory of Income Distribution

The graph shows the demand for low-skilled labor (DLS), the demand for high-skilled labor (DHS), the supply of low-skilled labor (SLS), and the supply of high-skilled labor (SHS).

Assume that P1=$10.00, P2=$23.00, P3=$39.50, P4=$41.50, P5=$53.15, Q1=205, and Q2=220. What is the value of marginal product of skill? What is the compensation that workers require for the cost of acquiring a skill?
◦ $41.50, $23.00
◦ $18.50, $13.65
◦ $53.15, $41.50
◦ $13.65, $18.50


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Marked as best answer by wqwpfwpoefnpwenf on Nov 23, 2022

hiyayyay

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wqwpfwpoefnpwenf

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Reply 2 on: Nov 23, 2022
Excellent


ryhom

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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