The graphs below show the leisure-work preferences for two workers. Graph the supply of labor curve...

 

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The graphs below show the leisure-work preferences for two workers. Graph the supply of labor curve for this two-person labor market at the three prices shown. 2. You drive a pizza delivery car for a pizza company that has its own fleet of vehicles. You learn that you deliver as many pizzas and get tips equal to several of the older more experienced drivers but you get paid 15% less than the other drivers. You approach your boss with this problem claiming that you add as much to the company as they do so you should be paid the same. You refer to the value of the marginal product wage theory that you learned in class recently. If you were the boss, how would you answer this request? 3. Most of the models depicting labor supply assume all income comes from hours lost in leisure. Consider the case of a community in Northern Pennsylvania that has been found to contain enormous amounts of fuel beneath the land when the fracking process is used. Each family gets substantial checks each month from oll companies that want drilling rights on the land. What does this do to the labor-leisure tradeoff line and what effect might this have on the labor supply in the community? The graphs below show the leisure-work preferences for two workers. Graph the supply of labor curve for this two-person labor market at the three prices shown. 2. You drive a pizza delivery car for a pizza company that has its own fleet of vehicles. You learn that you deliver as many pizzas and get tips equal to several of the older more experienced drivers but you get paid 15% less than the other drivers. You approach your boss with this problem claiming that you add as much to the company as they do so you should be paid the same. You refer to the value of the marginal product wage theory that you learned in class recently. If you were the boss, how would you answer this request? 3. Most of the models depicting labor supply assume all income comes from hours lost in leisure. Consider the case of a community in Northern Pennsylvania that has been found to contain enormous amounts of fuel beneath the land when the fracking process is used. Each family gets substantial checks each month from oll companies that want drilling rights on the land. What does this do to the labor-leisure tradeoff line and what effect might this have on the labor supply in the community?

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To solve this problem we need to find the total distance traveled by the pizza delivery car in a day ... View the full answer