Suppose that labour supply is perfectly elastic at an hourly wage of $29 up to a quantity of labour of 8555 and for an hourly wage greater than or equal to $29 the labour supply curve is Ls = -8555 + 590W. The labour demand curve is Ld = 44400 780W. 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.)