Author Question: A professional tennis player enters fewer tournaments each year as the prize money she won ... (Read 109 times)

APUS57 · **on:** Jun 29, 2018

A professional tennis player enters fewer tournaments each year as the prize money she won increased. This observation indicates that the tennis player

A) is irrational.
B) has shifted her labor demand curve leftward.
C) has shifted her labor supply curve rightward.
D) has a backward bending labor supply curve.

Question 2

The above (incomplete) table provides information about the relationships between output and various cost measures. The total fixed cost (TFC) for the firm is

A) zero.
B) 45.
C) 10.
D) None of the above answers is correct.