The quantity of labor an individual supplies to any market
a. always increases as the market wage rate rises
b. is contingent upon the wage rates offered in other labor markets
c. always decreases as the market wage rate rises
d. could never be zero over the realistic range of wage rates
e. depends only on the opportunity cost of the individual's time in other labor markets
Question 2
Of the following, who would probably have the highest income?
a. a couple, both of whom have high school educations and work at WalMart
b. a husband who has a high school degree and a middle-management job and his wife, who is a full-time mother
c. a couple, both of whom have high school educations; he is a high school teacher and she is a librarian
d. a husband who has a college degree and is a high school teacher and his wife, who has an MBA and works as a insurance company executive
e. a couple, both of whom have college degrees and are high school teachers
Stages of labor.
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