Consider the following demand and supply curves in factor markets.
FIGURE 13- 5
-Refer to Figure 13- 5.Assume that all four factor markets are labour markets.The total amount paid to the workers is "transfer earnings" in diagram
A)1.
B)2.
C)3.
D)4.
E)1 or 4

Question

Consider the following demand and supply curves in factor markets.
  FIGURE 13- 5
-Refer to Figure 13- 5.Assume that all four factor markets are labour markets.The total amount paid to the workers is "transfer earnings" in diagram
A)1. 
B)2. 
C)3. 
D)4. 
E)1 or 4

Quizplus · Accepted Answer

The Answer of Consider the following demand and supply curves in factor markets.
  FIGURE 13- 5
-Refer to Figure 13- 5.Assume that all four factor markets are labour markets.The total amount paid to the workers is "transfer earnings" in diagram
A)1. 
B)2. 
C)3. 
D)4. 
E)1 or 4

Consider the Following Demand and Supply Curves in Factor Markets