Some suggest that many New York taxi drivers set an income goal for the week and finish work once they have achieved that goal. Since the effective hourly wage is higher on busy days, choosing to stop working when a particular income goal is reached is:

Question

Quizplus · Accepted Answer

When taxi drivers stop working after reaching an income goal, they work fewer hours on busy days when wages are higher, which is inconsistent with an upward-sloping labor supply curve where higher wages would typically lead to more hours worked.

Some Suggest That Many New York Taxi Drivers Set an Income