In the labor supply curve, the parameter $\bar \ell$ represents:
A) consumption per person
B) the $\frac { w } { c }$ ratio
C) the marginal product of capital
D) the overall magnitude of labor supply
E) the marginal utility of leisure

Question

Quizplus · Accepted Answer

The parameter $\bar \ell$ typically represents the overall magnitude or level of labor supply in economic models.

In the Labor Supply Curve, the Parameter ℓˉ\bar \ellℓˉ Represents: A) Consumption Per Person B) The

In the Labor Supply Curve, the Parameter $\bar \ell$ Represents:
A) Consumption Per Person
B) The