Consider the Following Demand and Supply Curves in Factor Markets

question 78

Multiple Choice

Consider the following demand and supply curves in factor markets.
FIGURE 13- 5
-Refer to Figure 13- 5.Assume that all four factor markets are labour markets.The total amount paid to the workers is "economic rent" in diagram

• A)1.
• B)2.
• C)3.
• D)4.
• E)1 or 4.

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