Econ 4th Edition by William McEachern

Exercise 1

(Market Supply of Labor) The following table shows the hours per week supplied to a particular market by three individuals at various wage rates. Calculate the total hours per week ( Q T ) supplied to the market.
Why does the quantity supplied tend to increase with the hourly wage? Which individuals, if any, have backward-bending supply curves in the wage range shown? Does the market supply curve bend backward in the wage range shown in the table?