Use the Figure Below to Answer the Following Questions

question 20

Multiple Choice

Use the figure below to answer the following questions. Figure 18.3.5
-Refer to Figure 18.3.5.This figure shows the labour supply curves and the value of marginal product curves for high-skilled and low-skilled workers.If there is an increase in the supply of high-skilled workers and the supply of high-skilled workers is now equal to the supply of low-skilled workers,then employment of high-skilled labour would

• A)remain the same.
• B)decrease.
• C)increase to 40 hours per week.
• D)increase to 50 hours per week.
• E)increase to 60 hours per week.

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Definitions:

Accrued Income Taxes

Taxes that have been incurred, but not yet paid, usually recognized at the end of an accounting period.

Operating Activity

Activities that are part of the day-to-day operations of a business, such as selling, general, and administrative expenses.

Treasury Stock

Shares that were issued and later reacquired by the issuing company.

Depreciation Expense

The distribution of a physical asset's cost across its life of utility.