Use the Figure Below to Answer the Following Questions

question 116

Multiple Choice

Use the figure below to answer the following questions.

Figure 19.3.5
-Refer to Figure 19.3.5. This figure shows the labour supply curves and the value of marginal product curves for high-skilled and low-skilled workers. If the labour markets are competitive, then for a 40-hour work week, high-skilled workers must be paid

• A)an extra $3 to compensate for the cost of acquiring their human capital and for their increased productivity.
• B)an extra $20 to compensate for the cost of acquiring their human capital and for their increased productivity.
• C)an extra $120 to compensate for the cost of acquiring their human capital and for their increased productivity.
• D)an extra $300 to compensate for the cost of acquiring their human capital and for their enhanced productivity.
• E)an extra $180 to compensate for the cost of acquiring their human capital and for their increased productivity.

---

Definitions:

Operant-conditioning

A learning process through which the strength of a behavior is modified by reward or punishment.

Humanistic-existential

A psychological approach focusing on individual experience, personal growth, and the inherent meaning of life.

Rational-emotive

A form of psychotherapy that identifies and challenges irrational beliefs, emphasizing a connection between rational thinking and emotional well-being.

Family Therapy

A form of psychotherapy that involves treating family relationships to nurture change and development, focusing on the family as a whole rather than on individual members.