The market supply curve for labour is
A)derived from the market supply curve for the output produced with labour.
B)perfectly inelastic if leisure is an inferior good.
C)determined by adding up the quantity of labour supplied by each worker at each wage, holding constant all other variables that affect the willingness of workers to supply labour.
D)determined by adding up the wages each worker is willing to work for at a given quantity supplied, holding constant all other variables that affect the willingness of workers to supply labour.

Question

Quizplus · Accepted Answer

The market supply curve for labour is determined by adding up the quantity of labour supplied by each worker at each wage, holding constant all other variables that affect the willingness of workers to supply labour. This is because the supply of labour is a function of individual decisions by workers and their marginal willingness to work at different wages. The market supply curve is the horizontal sum of the individual supply curves, which gives the total quantity of labour supplied at each wage level in the market.

The Market Supply Curve for Labour Is