The Figure Given Below Represents Equilibrium in the Labor Market

question 43

Multiple Choice

The figure given below represents equilibrium in the labor market with the demand and supply curves of labor.Figure 14.6
In the figure,
D = MRP implies demand for labor = Marginal Revenue Product
MFC represents Marginal Factor Cost curve
S represents the supply curve of labor

-If a resource can be put to a single use and has no alternative uses then:

• A)economic rents are zero.
• B)transfer earnings are maximized.
• C)total earnings are zero.
• D)all earnings are economic rents.
• E)all earnings are transfer earnings.

Identify the commercial and industrial use of various protists.

Understand various factors influencing intellectual and developmental disabilities, including genetics, environmental factors, and socio-economic status.

Identify the characteristics and manifestations of autism spectrum disorder.

Recognize the role of genetics in learning disorders and autism spectrum disorder.

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