Scenario 18-3
Jerry has two jobs,one for the winter and one for the summer.In the winter,he works as a lift attendant at a ski resort where he earns $10 per hour.During the summer,he drives a tour bus around the ski resort,earning $12 per hour.
-Refer to Scenario 18-3.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 suggests that he values his leisure time more in the summer. As a result, his opportunity cost of working during the summer increases, leading to a steeper labor supply curve that slopes upward. Therefore, option C is the correct answer.

Scenario 18-3 Jerry Has Two Jobs,one for the Winter and One for One