Which of the Following Possible Points on a Labor Supply

question 12

Multiple Choice

Which of the following possible points on a labor supply curve is consistent with the income-leisure tradeoff graph below?

• A)Wage = 1: Hours worked = 12
• B)Wage = 2: Hours worked = 10
• C)Wage = 3: Hours worked = 14
• D)All of these are consistent with the information on the graph

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