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Exhibit 12.4 -Refer to Exhibit 12.3,which Shows a Backward-Bending Labor Supply Curve

Question 53

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Exhibit 12.4
Exhibit 12.4 -Refer to Exhibit 12.3,which shows a backward-bending labor supply curve for an individual.In the figure below,if the wage rate is $9,how many hours per week will this person work? A) 30 hours B) 36 hours C) 40 hours D) 45 hours E) 48 hours
-Refer to Exhibit 12.3,which shows a backward-bending labor supply curve for an individual.In the figure below,if the wage rate is $9,how many hours per week will this person work?


A) 30 hours
B) 36 hours
C) 40 hours
D) 45 hours
E) 48 hours

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