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Economics Homework Help

Wage rate (dollars per hour) The figure shows a labor market with minimum wage equal to $16. In this figure what area equals the firms' surplus? 28 LS O A. area A O B. area B OC. area C O D. area D OE. area E 20 16 Minimum wage 4 LD 0 500 1,000 1,500 2,000 2,500 3,000 3,500 Quanty (thousands of workers)

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20 Sep 2017

Due Date: 20 Sep 2017

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