Attempts 2. Plotting the supply of labor In Dallas, 140 people are willing to work an hour as cashiers if the wage is $20 per hour. For each additional $5 that the wage rises above $20, an additional 35 people are willing to work an hour. For wages of $20, $25, $30, $35, and $40 per hour, plot the daily labor supply curve for cashiers on the following graph. ? WAGE RATE (Dollars per hour) 50 45 40 35 30 15 10 5 0 Keep the Highest / 2 0 35 70 105 140 175 210 245 280 315 350 QUANTITY OF LABOR (Number of workers) What is one explanation for why this labor supply curve is upward sloping? Supply

2. Plotting the supply of labor In Dallas, 140 people are willing to work an hour as cashiers if the wage is $20 per hour. For each additional $5 that the wage rises above $20, an additional 35 people are willing to work an hour. For wages of $20,$25,$30,$35, and $40 per hour, plot the daily labor supply curve for cashiers on the following graph. t is one explanation for why this labor supply curve is upward sloping? What is one explanation for why this labor supply curve is upward sloping? People prefer to spend time doing leisure activities rather than working. The opportunity cost of leisure increases as wages increase. Firms are willing to hire more cashiers at a lower wage. Labor production functions exhibit diminishing marginal returns