Describe how improving human capital increases wages.
ECN210 Microeconomics Principles- Week 7 Resource Markets
Respond to a discussion answering the following questions in 250 words:
Describe how improving human capital increases wages. In your description, be sure to address the marginal product of labor.
Explain how rising wages could lead to a backward bending supply of the labor curve.
Discuss factors that could lead to an increase in the labor supply and the effect that shift would have on wages.
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