The above figure shows the supply and demand curves for high-skilled and low-skilled labor. High-skilled workers earn a wage rate of
A) $15 per hour.
B) $12 per hour.
C) $9 per hour.
D) $6 per hour.
A
You might also like to view...
When there is a surplus of snowboards, the
A) demand for snowboards is greater than the supply of snowboards. B) supply of snowboards is greater than the demand for snowboards. C) quantity of snowboards demanded is greater than the quantity of snowboards supplied. D) quantity of snowboards supplied is greater than the quantity of snowboards demanded. E) price rises to restore the equilibrium.
Under perfect competition, the per unit revenue of a firm is equal to its marginal revenue
a. True b. False Indicate whether the statement is true or false
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD1 the result in the long run would be:
A. P4 and Y1. B. P4 and Y2. C. P5 and Y1. D. P5 and Y2.
A set of identical positions is a(n) _____.
A. job family B. occupation C. job group D. job