The Demand and Supply Curves Shown Below Apply to a Competitive

question 101

Multiple Choice

The demand and supply curves shown below apply to a competitive market for a factor used in the production of widgets. FIGURE 13-2
-Refer to Figure 13-2.This factor market is in equilibrium at point B.In equilibrium,the 30th unit of the factor is being paid transfer earnings of ________ and economic rent of ________.

• A)$120; -$2
• B)$16; $2
• C)$7; $1
• D)$210; $1
• E)$6; $2

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Definitions:

Perceived Injustice

An individual's or group's interpretation or feeling that they have been treated unfairly or unequally, often leading to dissatisfaction, resentment, or social unrest.

Frame Alignment

A process in social movement theory that involves aligning individual interests, values, and beliefs with those of a broader social movement.

Resource Mobilization

The process of gathering resources (financial, human, informational, etc.) needed to support and accomplish goals, particularly in social movements.

Political Opportunity Theories

Theories in social movements suggesting that the success or failure of social movements is heavily influenced by the broader political context, including the accessibility of political institutions and the stability of elite alignments.