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Explain, how might a worker end up having a backward bending labour supply curve? 3 Marks Ali was job seeking. He decided he would not

  1. Explain, how might a worker end up having a backward bending labour supply curve? 3 Marks

  1. Ali was job seeking. He decided he would not work for anything less than

$22/hour. He was hired at $28/hour.

  1. What is Ali's price of leisure per hour in the new job? Explain. 1 Mark
  2. What is Ali's economic rent per hour? Explain. 1 Mark

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