-The above figure shows a labor market with a minimum wage of $8 an hour.The value of the resources workers are willing to use in their job search equals the distance between point ________ and point ________.
A) a; d
B) a; b
C) b; c
D) a; c
E) c; d

Question

-The above figure shows a labor market with a minimum wage of $8 an hour.The value of the resources workers are willing to use in their job search equals the distance between point ________ and point ________.
A) a; d 
B) a; b 
C) b; c 
D) a; c 
E) c; d

Quizplus · Accepted Answer

The value of the resources workers are willing to use in their job search is represented by the distance between the wage they would accept (point a) and the minimum wage (point b). This distance reflects the additional income they expect to earn by finding a job at the minimum wage compared to what they would accept, motivating them to invest resources in their job search.

-The Above Figure Shows a Labor Market with a Minimum