< > TCC Home Page - Tarrant County College ng.cengage.com Homework (Ch 18) Jhoel < CENGAGE MINDTAP My Home Homework (Ch 18) Mind Tap Cengage Learning Courses Catalog and Study Tools Rental Options 6. Plotting the supply of labor In Montgomery, 135 people are willing to spend an hour working as yoga instructors for an hourly wage of $20. For each additional $5 that the wage increases above $20, an additional 45 people are willing to spend an hour working. College Success Tips Career Success Tips ? Help Give Feedback For hourly wages of $20, $25, $30, $35, and $40, plot the daily labor supply curve for yoga instructors on the following graph. 50 445 40 40 WAGE (Dollars per hour) 35 30 25 20 20 15 10 5 0 0 45 90 135 180 225 270 315 360 405 450 LABOR (Number of workers) Supply What is one explanation for why this labor supply curve is upward sloping? Unemployment benefits are steadily declining. ? Course Hero Q Search this course i ? C A-Z bongo A+ < > TCC Home Page - Tarrant County College ng.cengage.com Homework (Ch 18) Jhoel < CENGAGE MINDTAP My Home Homework (Ch 18) Courses Catalog and Study Tools Rental Options College Success Tips Career Success Tips ? Help Give Feedback 50 45 45 WAGE (Dollars per hour) 40 40 35 30 25 20 20 15 10 LO 5 0 0 45 90 135 180 225 270 315 360 405 450 LABOR (Number of workers) Supply What is one explanation for why this labor supply curve is upward sloping? Unemployment benefits are steadily declining. People prefer to spend time doing leisure activities rather than working. The opportunity cost of leisure decreases as wages decrease. Wages have to increase to accommodate union pressure. Mind Tap Cengage Learning Grade It Now Save & Continue Course Hero Q Search this course Continue without saving i ? C A-Z bongo A+