Use the Figure Below to Answer the Following Questions

question 124

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. The equilibrium wage rate for high-skilled workers is

• A)$5 an hour.
• B)$4 an hour.
• C)$6 an hour.
• D)$8 an hour.
• E)$7 an hour.

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