Multiple Choice
-Peyton is a personal trainer and works at several gyms in her neighbourhood. Peyton's labour supply curve is shown above. Which of the following statements is true regarding Peyton's labour supply? i. Peyton is willing to supply more labour and give up leisure at wages between $50 and $75 per hour.
Ii) Peyton will not work for less than $30 per hour.
Iii) If the wage increases above $75 per hour, Peyton will choose to take more leisure.
A) ii and iii
B) ii only
C) i and ii
D) iii only
E) i, ii and iii
Correct Answer:

Verified
Correct Answer:
Verified
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