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

Question

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

Quizplus · Accepted Answer

The Answer of 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

Which of the Following Possible Points on a Labor Supply