Marks 37 of 39 Suppose that labour supply is perfectly elastic at an hourly wage of $23.8 up to a quantity of labour of 5950 and for an hourly wage greater than or equal to $23.8 the labour supply curve is Ls = -5950 + 500W. The labour demand curve is Ld = 39300 - 900W. Calculate the total amount of economic rent at the market equilibrium. Answer: $ (DO NOT ROUND YOUR CALCULATIONS UNTIL YOU REACH THE FINAL ANSWER. ENTER YOUR RESPONSE ROUNDED TO TWO DECIMAL PLACES, AND NO SEPARATOR FOR THOUSANDS.) Unsure