Scenario 18-2
George has two jobs, one for the winter and one for the summer.In the winter, he works as a lift operator at a ski resort where he earns $15 per hour.During the summer, George drives a tour bus from the resort to a nearby town and back several times a day, earning $18 per hour.
-Refer to Scenario 18-2.Assume that George has an upward-sloping labour supply curve.If the opportunity cost of George's leisure time increases,how will he respond

Question

Quizplus · Accepted Answer

Since George's labour supply curve is upward-sloping, an increase in the opportunity cost of leisure time will make work relatively more attractive. Therefore, George will respond by working more hours.

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