The Figure Given Below Shows a Backward-Bending Labor Supply Curve

question 23

Multiple Choice

The figure given below shows a backward-bending labor supply curve for an individual. In the figure below, how much will the employer have to pay per hour to get this worker to work 48 hours per week? ​
Figure 12.4
​

• A)$6
• B)$7
• C)$9
• D)$12
• E)$10

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A cognitive tool that allows people to understand an abstract concept in terms of a dissimilar, concrete concept.

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The linking of two or more experiences in the mind, forming a connection between them that can influence thoughts and behavior.

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