Consider the labor market in the modern industrial sector below. If the labor market is at point G, what area represents profit? (D2 is located on the vertical axis) Kar3> KM2 > Kari „TPM (KM3) TPM3 . TP (Km2) TP TP, (K,) TPM2 - TP (K1) TP =WA TPM QuA L, QLM D3 D2 APLA MPLA D WM D, (Kr3) W. MPLA APLA \D; (Km) = MP1M LA Surplus labor Quantity of labor (Qra) (millions) L L Quantity of labor (Qua) (thousands) (b) Traditional (agricultural) sector (a) Modern (industrial) sector O WMGL20 Real wage (= MP1rd Total product (manufactures) Average (marginal) products Total product (food)

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