and 5. The table shows the US. and LK, income shares. UK. income (percentage of total) Households U.S. income Lowest 3 Second hest 0 Labour hands of hours per day) The value of marginal product of high-skilled workers is $16 an hour greater than that of low- skilled workers at each quantity of labour. The cost of acquiring human capital adds $12 an hour to the wage that must be offered to attract high-skilled labour. Compare the equilibrium wage rates of low- skilled labour and high-skilled labour. Explain why the difference berween these wage rates equals the cost of acquiring human capital. Income Redistribution (Study Plan 18.4) Use the following table to work Problems 7 and 8. The table shows three redistribution plans. Plan A Before-tax Plan B Plan C income tax (dollars) (dollars) (dollars) 10,000 1,000 1,000 2,000 20,000 2,000 4,000 2,000 30,000 3,000 9,000 2,000 4. Draw the UK. Lorenz curve and compare it with Canada's Lorenz curve in Fig 18.3 on p. 425. In which country is income less equally distributed?