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Plotting the supply of labor In New York City, 120 people are willing to work an hour as secretaries if the wage is $10 per
Plotting the supply of labor
In New York City, 120 people are willing to work an hour as secretaries if the wage is $10 per hour. For each additional $5 that the wage rises above $10, an additional 30 people are willing to work an hour.
1. PLOT THE GRAPH (using the following information):
For wages of $10, $15, $20, $25, and $30 per hour, plot the daily labor supply curve for secretaries on the following graph.
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