In Montgomery, 140 people are willing to spend an hour working as yoga instructors for an hourly wage of $10. For each additional $5 that the wage increases above $10, an additional 35 people are willing to spend an hour working. For hourly wages of $10, $15, $20, $25, and $30, plot the daily labor supply curve for yoga instructors on the following graph. Supply 0 35 70 105 140 175 210 245 280 315 350 50 45 40 35 30 25 20 15 10 5 0 WAGE (Dollars per hour) LABOR (Number of workers) What is one explanation for why this labor supply curve is upward sloping? Labor production functions exhibit diminishing marginal returns. Unemployment benefits are steadily declining. Firms are willing to hire fewer yoga instructors at a higher wage. The opportunity cost of leisure increases as wages increase