The ________ the Value of Marginal Product of Skill,the ________

question 124

Multiple Choice

The ________ the value of marginal product of skill,the ________.

• A) smaller; larger is the wage differential between low-skilled workers and high-skilled workers
• B) larger; more elastic the supply curve of labor
• C) larger; larger is the wage differential between low-skilled workers and high-skilled workers
• D) smaller; less elastic the supply curve of labor
• E) smaller; larger is the cost of acquiring the skill

---

Definitions:

Pension Expense

The annual cost recognized by an employer for its contributions to employees' retirement plans, reflecting the cost of benefits earned by employees during the year.

Pension Funding

The process of allocating financial resources to a pension plan to meet future obligations to retirees.

Upcoming Year

Refers to the next calendar or fiscal year that is approaching and for which plans, budgets, or forecasts are being prepared.

Marginal Income Tax Rates

The percentage of tax applied to your income for each tax bracket in which you qualify.