Surma is a dentist who works at East West University Dentist and she plays guitar in her free time. Suppose the hourly fee that she charge increase from BDT 900 to BDT 1000. She decides to increase working as a dentist from 5 hours to 9 hours. When the hourly fee she charges increases further from BDT 1000 to 1200, she decides to keep her working hours unchanged at 9 hours. Finally, when her fee from BDT 1200 to 1400, she decides to decrease her working from 9 to 7 hours. a) Sketch surma's individual labor supply curve using the numbers given above. b) Explain Surma's decisions about the work and leisure. c) Suppose a minimum wage is set for dentist. Sketch the labour market and state the effects of the minimum wage.
Surma is a dentist who works at East West University Dentist and she plays guitar in her free time. Suppose the hourly fee that she charge increase from BDT 900 to BDT 1000. She decides to increase working as a dentist from 5 hours to 9 hours. When the hourly fee she charges increases further from BDT 1000 to 1200, she decides to keep her working hours unchanged at 9 hours. Finally, when her fee from BDT 1200 to 1400, she decides to decrease her working from 9 to 7 hours.
a) Sketch surma's individual labor supply curve using the numbers given above.
b) Explain Surma's decisions about the work and leisure.
c) Suppose a minimum wage is set for dentist. Sketch the labour market and state the effects of the minimum wage.
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