When the Wage Was $10 Per Hour, a Group of Workers

question 3

Multiple Choice

When the wage was $10 per hour, a group of workers supplied 30 hours of work per week on average. The wage then increased to $12 per hour, and the same group of workers supplied 33 hours of work per week on average. What is the elasticity of labor supply for this group of workers?

• A) 0
• B) 0.5
• C) 1.0
• D) 1.5
• E) 2.0

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Definitions:

Cultural Feminism

A branch of feminism focusing on the difference between women and men and valuing women's unique contributions and experiences in society.

Cognitive Ability

Refers to the mental capacity for processing information, applying knowledge, and solving problems.

Similar

Having a resemblance in appearance, character, or quantity, without being identical.

Dissimilar

Lacking similarity or being distinctly different in nature, form, or quality.