The market supply curve for labor is
A)derived from the market supply curve for the output produced with labor.
B)perfectly inelastic if leisure is an inferior good.
C)determined by adding up the quantity of labor supplied by each worker at each wage, holding constant all other variables that affect the willingness of workers to supply labor.
D)determined by adding up the wages each worker is willing to work for at a given quantity supplied, holding constant all other variables that affect the willingness of workers to supply labor.

Question

Quizplus · Accepted Answer

The market supply curve for labor is determined by adding up the quantity of labor supplied by each worker at each wage, holding constant all other variables that affect the willingness of workers to supply labor. This means that the curve represents the total amount of labor that will be supplied at each wage level in the entire market. It is not derived from the market supply curve for the output produced with labor (A), nor is it perfectly inelastic (B) or determined by adding up the wages each worker is willing to work for (D).

The Market Supply Curve for Labor Is