Which of the following statements would be represented by a backward-bending labor supply curve?
A) A $50,000-a-year professor works more hours than a $20,000-a-year professor.
B) The CEO of a major computer manufacturer works more hours than the union workers.
C) The owners of a successful business work fewer days than do their employees.
D) Hospital janitors work fewer hours than the chief of obstetrics.
E) High-ranking executives are more likely to work past 5:00 p.m. than middle level managers.
Correct Answer:
Verified
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