Please provide answer in 1 hr I will upvote if possible use graph i provided pls and showclear labelsThe graph shows the demand curve for low-skilled labor.Draw a demand curve for high-skilled labor. Label it.Draw an arrow to show the value of marginal revenue product of skill when labor is 2,000 hours per day.Which of the following statements about the labor market is correct?OA. The firm's demand for labor curve is its value of marginal product of labor curve.B. The wage differential between low-skilled labor and high-skilled labor depends only on the supply of labor.C. The wage differential between low-skilled labor and high-skilled labor depends only on the value of marginalproduct of labor.D. The firm's demand for labor curve measures the compensation that an employee must receive for acquiring theskill required to do the job competently.Wage rate (dollars per hour)Q24-20-16-12-8-DL3Labor (thousands of hours per day)>>> Draw only the objects specified in the question.

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The graph shows the demand curve for low-skilled labor. Draw a demand curve for high-skilled labor. Label it. Draw an arrow to show the value of marginal revenue product of skill when labor is 2,000 hours per day.

The graph shows the demand curve for low-skilled labor. Draw a demand curve for high-skilled labor. Label it. Draw an arrow to show the value of marginal revenue product of skill when labor is 2,000 hours per day.

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Concept explainers

Labor Force Participation Rate analysis

The labor force participation rate analysis calculates the percentage of the working-age population either employed or actively seeking work. It can be anyone in the age category of 16 to 64, on the condition that they are not institutionalized. A high labor force participation rate shows that more people are employed and contributing their wages to the economy, making it a healthy economy. It also shows that there are more people actively looking for employment leading to more hiring options for employers. On the other hand, a low labor force participation rate shows a low number of people employed or looking for work. This leads to an economic setback with fewer wages going into the economy. In such a scenario, employers might have to cut back on profits, lay off employees, or stop the process of hiring.

Question

Please provide answer in 1 hr I will upvote

if possible use graph i provided pls and show
clear labels
The graph shows the demand curve for low-skilled labor.
Draw a demand curve for high-skilled labor. Label it.
Draw an arrow to show the value of marginal revenue product of skill when labor is 2,000 hours per day.
Which of the following statements about the labor market is correct?
OA. The firm's demand for labor curve is its value of marginal product of labor curve.
B. The wage differential between low-skilled labor and high-skilled labor depends only on the supply of labor.
C. The wage differential between low-skilled labor and high-skilled labor depends only on the value of marginal
product of labor.
D. The firm's demand for labor curve measures the compensation that an employee must receive for acquiring the
skill required to do the job competently.
Wage rate (dollars per hour)
Q
24-
20-
16-
12-
8-
DL
3
Labor (thousands of hours per day)
>>> Draw only the objects specified in the question.

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"An effective minimum wage can increase the number of people looking for a job that cannot find one. Be sure to carefully label the axes, identify exactly what is being is demanded/supplied and show how both changes in quantity demanded/supplied contribute to this result. The Halifax Herald Limited 06/09/2017 - Page A11 Why a $15 minimum wage is a worry for small business JORDI MORGAN Atlantic Canadian small business owners should start bracing themselves for the $15 minimum wage campaign. Make no mistake they will also be shedding staft, cutting hours and eiminating opportunities for young, entry-level workers who make up the vast majority of those who are eamng a minimum wage Our argument is with a govemment mandated spike in the wage floor, which will put the sustainability of small business in perl. A 32-per-cent increase in the wage floor will put enormous pressure on employers to increase the wages of all staff. Armine Yalnizyan, a principal advocate for the $15 minimum wage and…
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