Post by: javeds on May 24, 2019
Peyton is a personal trainer and works at several gyms in her neighborhood. Peyton's labor supply curve is shown above. Which of the following statements is true regarding Peyton's labor supply?
| i. | Peyton is willing to supply more labor and give up leisure at wages between $50 and $75 per |
| ii. | Peyton will not work for less than $30 per hour. |
| iii. | If the wage increases higher than $75 per hour, Peyton will choose to take more leisure. |
◦ i, ii and iii
◦ ii only
◦ iii only
◦ i and ii
◦ ii and iii
Post by: Jody Vaughn on May 24, 2019
Post by: Maggie Chaffin on Apr 13, 2020