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

Question

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

Quizplus · Accepted Answer

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

Consider the Following Demand and Supply Curves in Factor Markets