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Author Question: The following diagram shows a firm operating in a perfectly competitive labour market.Which area(s) ... (Read 77 times)

WhattoUnderstand

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on: May 25, 2020

Question 1

The following diagram shows a firm operating in a perfectly competitive labour market.

Which area(s) represent the wage bill to the firm?
◦ Area A
◦ Area B
◦ Area C
◦ Areas A + B

Question 2

The following diagram shows a firm operating in a perfectly competitive labour market.

Which area(s) represent the surplus over the wage bill to the firm?
◦ Area A
◦ Area B
◦ Area C
◦ Areas A + C
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by WhattoUnderstand on May 25, 2020

makaylafy

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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WhattoUnderstand

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Reply 2 on: May 25, 2020
Excellent

nyrave

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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