Answer and explain please Marge, Patty, and Selma have the following labor suppl

Question

Answer and explain please

Marge, Patty, and Selma have the following labor supply functions: Patty: T Marge: La Selma: T 2w 4w 3w All 3 women have the same non-labor income of $4, the same wage of $1, and 10 hours to divide between labor and leisure. Who has the most elastic labor supply? (Midterm 2) a. Marge b. Patty c. Selma d. Marge and Patty's labor supply elasticity is the same. They are both more elastic than Selma. e. Patty and Selma's labor supply elasticity is the same. They are both more elastic than Marge.

Explanation / Answer

c.selma

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