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gringoboy6 gringoboy6
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The Marginal Productivity Theory of Income Distribution

The graph shows the demand for low-skilled labor (DLS), the demand for high-skilled labor (DHS), the supply of low-skilled labor (SLS), and the supply of high-skilled labor (SHS).

Assume that P1=$10.00, P2=$23.00, P3=$39.50, P4=$41.50, P5=$53.15, Q1=205, and Q2=220. What is the value of marginal product of skill? What is the compensation that workers require for the cost of acquiring a skill?

▸ $41.50, $23.00

▸ $18.50, $13.65

▸ $53.15, $41.50

▸ $13.65, $18.50
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Macroeconomics

Macroeconomics


Edition: 3rd
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herrooherroo
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