Question: 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

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.

Hourly Wage $ 15 Hours per Week Q, 20 16 25 17

Why does the quantity supplied tend to increase with the hourly wage? 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?

Hourly Wage $ 15 Hours per Week Q, 20 16 25 17 35 10 18 45 25 10 19 42 40 30 20 38 37 45

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