-In the figure above,if the minimum wage rate is $8 per hour,then after taking account of resources lost in job search,the workers' surplus is the area ________ and the firms' surplus is the area ________.
A) e; c
B) d; b
C) a; f
D) f; a
E) a + b + c + d + e; f

Question

-In the figure above,if the minimum wage rate is $8 per hour,then after taking account of resources lost in job search,the workers' surplus is the area ________ and the firms' surplus is the area ________.
A) e; c 
B) d; b 
C) a; f 
D) f; a 
E) a + b + c + d + e; f

Quizplus · Accepted Answer

The workers' surplus is the area above the wage rate and below the supply curve, which is area 'a'. The firms' surplus is the area below the wage rate and above the demand curve, which is area 'f'.

-In the Figure Above,if the Minimum Wage Rate Is $8