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Suppose the Market for Labor Consists of Only Three Workers

Question 144

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Suppose the market for labor consists of only three workers: Alex, Anna, and Jim. The following table shows the labor supplied by the three workers at different wage rates.
Suppose the market for labor consists of only three workers: Alex, Anna, and Jim. The following table shows the labor supplied by the three workers at different wage rates. -Refer to the table above.If the market supply of labor per week when the wage rate is $100 is 125 hours,the labor supplied by Jim per month at the market wage rate is ________. A) 12 hours B) 30 hours C) 50 hours D) 75 hours
-Refer to the table above.If the market supply of labor per week when the wage rate is $100 is 125 hours,the labor supplied by Jim per month at the market wage rate is ________.


A) 12 hours
B) 30 hours
C) 50 hours
D) 75 hours

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