Use the following to answer questions :
Figure 13-1 
-At a wage rate of $7 in Figure 13-1, what is income?
Definitions:
ESOPs
Employee Stock Ownership Plans, a program that provides a company's workforce with an ownership interest in the company.
Share Price
The current price at which a single share of a company's stock can be bought or sold.
Pensions
Retirement plans that provide a fixed income to individuals who are no longer working due to age or disability.
Stock Options
Financial incentives given to employees, granting them the right to buy company shares at a set price after a certain period.
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