What is ali reservation wage rate

Reference no: EM133336549

Questions:

a) List and briefly illustrate to a friend how each of three main factors stated in the textbook might result in an individual deciding not to supply labour.
b) Ali was job seeking. He decided he would not work for anything less than $18/hour. He was hired at $22/hour.

What is Ali's reservation wage rate? Explain. 1 Mark What is Ali's economic rent per hour? Explain.

Reference no: EM133336549

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