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The labor supply curve shows how many workers are willing to work at the minimum wage. in a particular industry. in order to maximize the firm's profit. at any given wage. at any given time.

User Matz
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Answer:

The labor supply curve shows how many workers are willing to work

at any given wage.

Step-by-step explanation:

The labor supply curve shows the number of workers who are willing and able to work in an occupation at different wages. The supply curve of labor for the economy as a whole will be upward sloping or backward sloping. The economy's supply curve of labor depends on the number of individuals with upward sloping supply curves and those with backward sloping supply curves of labor.

User Thedoctar
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