​The Following Graph Shows the Labor Market

question 118

Multiple Choice

​The following graph shows the labor market. The vertical axis measures wage in dollars, and the horizontal axis measures labor in hours. Which unit of the resource is earning the least economic rent? ​
Figure 11.1

• A)The fifth unit
• B)The tenth unit
• C)The fifteenth unit
• D)The twentieth unit
• E)The thirtieth unit

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Definitions:

Breast-Fed

Refers to infants who are fed breast milk, either directly from the breast or pumped, as opposed to being fed formula from a bottle.

Bottle-Fed

Referring to infants who receive nutrition from bottles rather than breastfeeding, involving formula or other substitutes.

Infants

Young children from birth to one year old, characterized by rapid physical and cognitive development.

Androgen

Steroid hormones that play a key role in the development of male traits and reproductive activity.