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-9781337914413&id=17221995248sn CENGAGE | MINDTAP Q. Search this co Aplia Homework Resource Markets The following graph shows a competitive labor market Labor Supply Labor Supply WAGE

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-9781337914413&id=17221995248sn CENGAGE | MINDTAP Q. Search this co Aplia Homework Resource Markets The following graph shows a competitive labor market Labor Supply Labor Supply WAGE RATE (Dollars per hour) Economic Rent Demand Opportunity Cost 2 QUANTITY OF LABOR (Billions of hours) 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 symbols) to shade the portion of labor earnings that consists of economic rent. Then, use the purple

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