The diagram illustrates a worker’s labour supply curve. The worker must complete at least 40 hours a week at the hourly wage, 0W. Which area represents the economic rent earned by the worker?
- Ax – y
- Bx + y
- Cy – x
- Dy + z
Economics 9708 · AS & A Level · Long-run costs and economies of scale
The diagram illustrates a worker’s labour supply curve. The worker must complete at least 40 hours a week at the hourly wage, 0W. Which area represents the economic rent earned by the worker?