Consider the Following Demand and Supply Curves in Factor Markets

Multiple Choice

Consider the following demand and supply curves in factor markets. FIGURE 13-4
-Refer to Figure 13-4.In diagrams 1 and 4,the marginal worker is earning

A) transfer earnings only.
B) economic rent only.
C) both transfer earnings and economic rent.
D) a wage greater than the equilibrium market wage.
E) a wage greater than the worker should receive for the product produced.