refer to the following graph of the demand for and supply of armed forces personnel.

-The height of the supply curve (S)measures:

Question

refer to the following graph of the demand for and supply of armed forces personnel.

-The height of the supply curve (S)measures:

Quizplus · Accepted Answer

The height of the supply curve (S) represents the opportunity cost of a potential draftee, as it shows the minimum price at which they are willing to supply their labor to the military. This means that the higher the wage offered by the military, the more people are willing to join, and the higher the supply curve moves. Therefore, the height of the supply curve reflects the alternative uses of a draftee's time and skills that they would be giving up by joining the armed forces. Choices A, B, and C are incorrect because they do not accurately reflect the concept being measured by the supply curve.

Refer to the Following Graph of the Demand for and Supply