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1. Please answer the following: The following graph shows a competitive labor market. Based on the graph, the total amount paid to workers in this

1. Please answer the following: image text in transcribed
The following graph shows a competitive labor market. Based on the graph, the total amount paid to workers in this market (that is, total labor earnings) is On the graph, use the green triangle (triangle symbois) to shade the portion of labor earnings that consists of economic rent. Then, use the purple quadrilateral (diamond symbols) to shade the portion of labor earnings that consists of opportunity cost

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