Use the Figure Below to Answer the Following Questions

question 3

Multiple Choice

Use the figure below to answer the following questions.

Figure 19.1.2
-Refer to Figure 19.3.1. At the equilibrium wage rates,

• A)more high-skilled workers will be hired than low-skilled workers.
• B)more low-skilled workers will be hired than high-skilled workers.
• C)the horizontal distance between the two demand curves is the compensation for the cost of acquiring human capital.
• D)the horizontal distance between the two supply curves is the value of marginal product of skill.
• E)value of marginal product is maximized.

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