Welcome to Schoolngr.com

Home   School   News   C B T   Classroom
Saturday, 23 November 2024

RegisterLogin

The Table below relates to the supply of labour in response to the given wage rates Use ...

The Table below relates to the supply of labour in response to the given wage rates Use the information in the table to answer the questions that follow .

Wage rate ($ per hour) Hours worked (per day) Income per day (S)
10 - 10
20 - 60
30 - 150
40 6 -
50 4 -
60 3 -



(a) Determine the number of hours of work per day if the wage rate is (i) $10 per day (ii) $20 per day (16) $30 per day
(b) Calculate the income per day when the wage rate is (i) $40 (ii) $50 (iii) 60
(c) (i) Which wage rate per hour attracts the highest earnings?
(ii) Name the type of supply curve that can be associated with the data in the table.
(iii) Explain the nature of the supply curve named in (c)(ii)



STAY UPDATED
FOLLOW US ON :


AboutContact usBack to Top
...

Disclaimer
All Views, Names, Acronyms, Trademarks, Expressed on this website are those of their respective owners. Please note that www.schoolngr.com is not affiliated with any of the institutions featured in this website. It is always recommended to visit an institutions or sources official website for more information. In the same vein, all comments placed here do not represent the opinion of schoolngr.com


SCHOOLNGR - © 2020 - 2024 - Tayo Hammed | Terms Of Service | Copyright | Privacy Policy