In Chicago, 120 people are willing to work an hour as hostesses if the wage is $20 per hour. For each additional $5 that the wage rises above $20, an additional 30 people are willing to work an hour. For wages of $20, $25, $30, $35, and $40 per hour, plot the daily labor supply curve for hostesses on the following graph. 50 45 Supply 40 35 30 25 20 15 10 5 30 60 90 120 150 180 210 240 270 300 LABOR (Number of workers) WAGE (Dollars per hour)

In Chicago, 120 people are willing to work an hour as hostesses if the wage is $20 per hour. For each additional $5 that the wage rises above $20, an additional 30 people are willing to work an hour. For wages of $20, $25, $30, $35, and $40 per hour, plot the daily labor supply curve for hostesses on the following graph. 50 45 Supply 40 35 30 25 20 15 10 5 30 60 90 120 150 180 210 240 270 300 LABOR (Number of workers) WAGE (Dollars per hour)

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter12: Labor Markets And Labor Unions

Section: Chapter Questions

Problem 1.1P

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