Wage rate (dollars per hour) 28 LS 24 20 - 16 Minimum B. wage 12 4 LD 500 1,000 1,500 2,000 2,500 3,000 3,500 Quantity (thousands of workers) The above figure shows a labor market with minimum wage equal to $16. In this figure, what area equals the ?firms' surplus اختر أحد الخيارات а. area B C b. area C O C. area E O d. area D е. area A C

Wage rate (dollars per hour) 28 LS 24 20 - 16 Minimum B. wage 12 4 LD 500 1,000 1,500 2,000 2,500 3,000 3,500 Quantity (thousands of workers) The above figure shows a labor market with minimum wage equal to $16. In this figure, what area equals the ?firms' surplus اختر أحد الخيارات а. area B C b. area C O C. area E O d. area D е. area A C

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter20: Unemployment

Section: Chapter Questions

Problem 4CQQ

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