This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The demand and supply curves shown below apply to a competitive market for a factor used in the ... (Read 71 times)

mustachegiraffe

  • Full Member
  • ***
  • Posts: 179
on: Oct 12, 2022

The demand and supply curves shown below apply to a competitive market for a factor used in the production of widgets.



FIGURE 13-2

Refer to Figure 13-2. This factor market is in equilibrium at point B. Which of the following statements best describes factor payments at point B?


◦ Total income paid to the factor is $8.
◦ Total factor earnings are $320 and the 40th unit earns economic rent of $8.
◦ Total factor earnings are $320 and the 40th unit earns zero rent.
◦ Total of economic rent plus transfer earnings is $320.
◦ Economic rent to the 40th unit is $320.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by mustachegiraffe on Oct 12, 2022

athenaheim

  • Full Member
  • ***
  • Posts: 189
Reply #1 on: Oct 12, 2022
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.
Answer Preview
Only 29% of students answer this correctly


mustachegiraffe

  • Member
  • Posts: 179
Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

DylanD1323

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Sprain. A sprain involves damage to one or more ligaments, and is categorized into three degrees of Sprain. A sprain involves damage to one or more ligaments, and is categorized into three degrees of
Apply light tapotement on the head. Tapping lightly with the fingertips works well for this purpose. Apply light tapotement on the head. Tapping lightly with the fingertips works well for this purpose.
Apply L stroke on terminus. Place your index and middle fingers on the left and right terminus; ... Apply L stroke on terminus. Place your index and middle fingers on the left and right terminus; ...
Apply kneading and deep stroking to lower arm muscles. (A) Knead muscle bellies. (B) Thumb press ... Apply kneading and deep stroking to lower arm muscles. (A) Knead muscle bellies. (B) Thumb press ...
The demand for cheap coal to generate electrical power is rising The demand for cheap coal to generate electrical power is rising
Rosalind Franklin, shown here on holiday, used X-ray diffraction to investigate the structure of DNA Rosalind Franklin, shown here on holiday, used X-ray diffraction to investigate the structure of DNA
Video: Bone cells and tissues - tissue composition and cells

For a complete list of videos, visit our video library