Exhibit 11-6
-In Exhibit 11-6, total earnings by the resource in equilibrium is represented by area

Name: Exhibit 11-6 -In Exhibit 11-6, total earnings by the resource in equilibrium is represented by area
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Question

Exhibit 11-6 
-In Exhibit 11-6, total earnings by the resource in equilibrium is represented by area

Quizplus · Accepted Answer

Total earnings by the resource in equilibrium is represented by the area under the price line and above the resource's supply curve, which is the combined area of 0DEH and BED. Therefore, the best choice is E, which represents the combination of these two areas.

Exhibit 11-6 -In Exhibit 11-6, Total Earnings by the Resource in Equilibrium