Economics 9708 · AS & A Level · Long-run costs and economies of scale

Long-run costs and economies of scale — practice question

The diagram illustrates one person’s labour supply curve. He is offered a job that would mean a standard 40-hour week. Which area represents the minimum weekly pay he would need in order to accept the job offer?

  • Aw + z
  • Bx + y
  • Cx + y - z
  • Dw + x + z + y

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