n the summer there are many teenagers looking for minimum wage jobs, so firms are able to fill all open positions easily. This suggests that, at least during the summer, the supply of labor is:

Question

Business

Kianna Bush

14 November, 12:59

n the summer there are many teenagers looking for minimum wage jobs, so firms are able to fill all open positions easily. This suggests that, at least during the summer, the supply of labor is:

+4

Answers (1)

Know the Answer?

Marissa · Answer 1

According to the analogy, the supply of unskilled labour is high during summer.

Explanation:

The total amount in hours that workers are willing to work at a given real wage rate is, in economics, referred to as the supply of labour. As a matter of mathematical accuracy, the amount of hours is usually adjusted for quality of result attained.

Cheers!