Find out the total hours per week

Reference no: EM1311848

The following table shows the hours per week supplied to a particular market by three individuals at various wage rates. Calculate the total hours Per week (Q_T) supplied to the market.

Hour wages	Hours per week
Hour wages	Q1	Q2	Q3	Qt
$5	20	0	0	-
6	25	0	0	-
7	35	10	0	-
8	45	25	10	-
9	42	40	30	-
10	38	37	45	-

Which individuals, if any, have backward-bending supply curves in the wage range shown? Does the market supply curve bend backward in the wage range shown in the table?

Reference no: EM1311848

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