Suppose the market for labor consists of only three workers: Alex, Anna, and Jim. The following table shows the labor supplied by the three workers at different wage rates.
-Refer to the table above.What is the market supply of labor per week when the wage rate is $50?
A) 12 hours
B) 30 hours
C) 50 hours
D) 71 hours
Correct Answer:
Verified
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