Wednesday 6 June 2012

An individual’s labor supply curve shows

An individual’s labor supply curve shows
A.   the relationship between the quantity of hours worked and total income earned by that individual.
B.   the relationship between wages and the quantity of labor that she is willing to supply.
C.   the maximum wage rates offered to that individual by various potential employers.
D.   the relationship between wages and the quantity of labor that a firm is willing to employ.

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