Find out the total hours per week

Assignment Help Macroeconomics

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

Questions Cloud

Compute total cost and total revenue : Answer the following questions on the basis of the monopolist's situation illustrated in the following graph.

Determine contribution margin : Determine the following Contribution margin, break even, targeted profit and Gilley, Inc., sells a single product.The company's most recent income statement.

What is an angular acceleration of the pulley : A shuffleboard disk is accelerated to the speed of 6.1 m/s and released. If the coefficient of kinetic friction between disk and the concrete court is 0.30, how far does the disk go before it comes to a stop? The courts are 14.5m long.

Time required by a rocketship to attain the speed of light : Assume a rocketship in deep space moves with constant acceleration equal to 9.8 m/s2, which gives the illusion of normal gravity during the flight. Estimate the time required by a rocketship to attain the speed of light and the distance travelled t..

Find out the total hours per week : 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.

Government would have to do to keep the unemployment : Give reasons to elucidate what the government would have to do to keep the unemployment rate at 3 percent.

Probability-normal distribution : Find the area under the normal distribution curve to the right of z = -1.03.

Determine the average manufacturing cost per unit : Determine the average manufacturing cost per unit and What is the amount of ending finished goods inventory?

What is the angle of bright fringe in radians : A gymnast of mass 55.0 hangs from a vertical rope attached to the ceiling. You can ignore the weight of the rope and assume that the rope does not stretch. Use the value for the acceleration of gravity.

User Account

All Pages