Name
SUPPLY
ECONOMIC SKILLS LAB
A LABOR OF SUPPLY-APPLYING A CONCEPT
Date
To understand supply better, think of your labor as time you supply working. Then suppose that after completing
this course, you decide to supply tutoring services to other economics students. Estimate in the following chart
how many hours of your time you might supply each week at each possible hourly wage.
If I earned this much per hour:
$0.00
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
Answer each of the following questions:
I would be willing to work this many hours each week: