10. Interpreting the supply of labor The following graph depicts the labor suppl
ID: 1129545 • Letter: 1
Question
10. Interpreting the supply of labor The following graph depicts the labor supply curve for Yvette, a worker in the fast-food industry in Miami. 20 18 16 14 12 SU 10 8 Labor Supply 4 2 0 1 2 3 45 6 7 8 9 10 LABOR (Hours worked per day) If the wage rate is $16 per hour, Yvette will supply hours of work per day. additional The wage rate must be$ per hour for Yvette to supply 2 hours of work per day. fewer If the wage rate decreases from $16 per hour to $6 per hour, Yvette will supply hours of work per day.Explanation / Answer
Answer.)
If wage rate is $16 per hour, Yvette will supply 8 hours of work per day.
The wage rate must be $6 per hour for Yvette to supply 2 hours of work per day.
If wage rate decreases from $16 per hour to $6 per hour , Yvette will supply 8 fewer hours of work per day.
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