Scenario 18-2
Jerry has two jobs, one for the winter and one for the summer. In the winter, he workers as a lift attendant at a ski resort where he earns $10 per hour. During the summer, Jerry drives a tour bus around the ski resort, earning $12 per hour.
-Refer to Scenario 18-2.If Jerry takes fewer hours of leisure in the summer than in the winter,we can assume that his labor supply curve

Question

Quizplus · Accepted Answer

If Jerry takes fewer hours of leisure in the summer than in the winter, it implies that he values his leisure time more in the summer. This would result in a sloping upward labor supply curve, indicating that he would be willing to work more hours in the winter when wages are lower and fewer hours in the summer when wages are higher.

Scenario 18-2 Jerry Has Two Jobs, One for the Winter and One