Use the Figure Below to Answer the Following Questions

question 82

Multiple Choice

Use the figure below to answer the following questions.

Figure 19.3.2
-Refer to Figure 19.3.2. For the employer to hire 40 hours per week of both high-skilled and low-skilled labour,

• A)high-skilled workers would have to earn a wage rate that is twice that of the low-skilled workers.
• B)high-skilled workers would have to earn a wage rate that is less than that of the low-skilled workers.
• C)high-skilled workers would have to earn a wage that is $2 more than the wage paid to low-skilled workers.
• D)low-skilled workers would have to earn a wage that is $2 more than the wage paid to high-skilled workers.
• E)high-skilled workers need to earn a wage that is between zero and $2 more than low-skilled workers.

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Definitions:

Department Store

A retail establishment offering a wide range of consumer goods in different product categories known as "departments."

Profit Center

A department or unit within a company responsible for generating profits, with its performance measured based on its ability to produce excess revenue over expenses.

Controllable Revenues

Revenues earned by the profit center.

Income Statement

A financial report detailing a business's income, outgoings, and net profit or loss for a certain timeframe.