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 economic rent in equilibrium equals _____
A)$40.
B)$80.
C)$160.
D)$16.
E)$8.

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 economic rent in equilibrium equals _____
A)$40. 
B)$80. 
C)$160. 
D)$16. 
E)$8.

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 economic rent in equilibrium equals _____
A)$40. 
B)$80. 
C)$160. 
D)$16. 
E)$8.

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