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

Long-run costs and economies of scale — practice question

The diagram illustrates an individual’s labour supply curve. The hourly wage is $60 and the worker is required to work a 40-hour week. What is the value of the worker’s economic rent?

  • A$0
  • B$200
  • C$400
  • D$2400

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