Exhibit 11.2

-Refer to Exhibit 11.2,which shows the labor market.The vertical axis measures wage in dollars,and the horizontal axis measures labor in hours.The opportunity cost in equilibrium is represented by the area _____
A) a.
B) b.
C) c.
D) a + b.
E) b + c.

Question

Exhibit 11.2
 
-Refer to Exhibit 11.2,which shows the labor market.The vertical axis measures wage in dollars,and the horizontal axis measures labor in hours.The opportunity cost in equilibrium is represented by the area _____
A) a. 
B) b. 
C) c. 
D) a + b. 
E) b + c.

Quizplus · Accepted Answer

The Answer of Exhibit 11.2
 
-Refer to Exhibit 11.2,which shows the labor market.The vertical axis measures wage in dollars,and the horizontal axis measures labor in hours.The opportunity cost in equilibrium is represented by the area _____
A) a. 
B) b. 
C) c. 
D) a + b. 
E) b + c.

Exhibit 11.2 -Refer to Exhibit 11.2,which Shows the Labor Market.The Vertical Axis