You work for Walmart at an upper management position. Based on what we are learning about Resource Markets where labor is one important resource, would you work 10 hours per day for $8/hour? $12/hour? $25/hour? Does your answer show a backward-bending supply curve of your labor? Justify.

Robert black, regional manager for ford in texas and oklahoma, faced a dilemma. the ford f-150 pickup truck was the best-selling pickup ever, yet ford's headquarters in detroit had decided to introduce a completely redesigned f-150. how could mr. black sell both trucks at the same time? he still had "old" f-150s in stock. in his advertising, mr. black referred to the new f-150s as follows: "not a better f-150. just the only truck good enough to be the next f-150." this statement represents ford's of the new f-150.