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Consider the Following Demand and Supply Curves in Factor Markets

Question 75

Multiple Choice

Consider the following demand and supply curves in factor markets. Consider the following demand and supply curves in factor markets. FIGURE 13-4 -Refer to Figure 13-4.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. FIGURE 13-4
-Refer to Figure 13-4.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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