In the above figure, an innovation that increases the demand for high-skilled workers and decreases the demand for low-skilled workers will
A) reduce the amount by which WH exceeds WL.
B) increase the amount by which WH exceeds WL.
C) shift the SH curve leftward.
D) shift the SL curve rightward.
B
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When Jeneva went to Costa Rica in July 2008, a U.S. dollar was worth 550 colones. If today a U.S. dollar is worth 650 colones, it means that the U.S. dollar has depreciated against the colone
Indicate whether the statement is true or false
A monopolist is able to maximize its profits by: a. setting the price at the level that maximizes its per-unit profit
b. producing output where marginal revenue equals marginal cost and charging a price along the demand curve. c. producing output where marginal revenue equals marginal cost and setting price at the demand curve's highest point. d. producing output where price is equal to its marginal cost.