-The Figure Above Shows the Market for High and Low-Skilled

question 105

Multiple Choice

-The figure above shows the market for high and low-skilled labor.Demand curve DA represents the demand for ________ labor because ________.

• A) low-skilled; low-skilled labor has a lower value of marginal product of labor than high-skilled labor
• B) low-skilled; firms can afford to hire more low-skilled labor at lower wages
• C) low-skilled; low-skilled labor's marginal product declines faster than high-skilled labor
• D) high-skilled; firms cannot afford to hire as many high-skilled workers
• E) high-skilled; high-skilled workers pay higher wages so they have lower disposable income

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Definitions:

Asset Account

Represents tangible and intangible items of value owned by a company, showing up on the balance sheet.