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.
D
Economics
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If taxes are reduced, will most people save more or less than before? Does national saving rise or fall? Explain
What will be an ideal response?
Economics
When you have diminishing marginal returns to labor
A) variable costs remain constant as more output is produced. B) variable costs fall as more output is produced. C) variable costs rise as more output is produced. D) fixed costs rise as more output is produced because you have to buy more equipment to compensate.
Economics