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part a fill out table part b (demand curve or supply curve) Zoe is trying to decide how to divide her time between her job
part a fill out table
Zoe is trying to decide how to divide her time between her job as a wedding photographer, which pays $32 per hour for as many hours as she chooses to work, and as a fossil collector, in which her pay depends on both the price of fossils and the number of fossils she finds. Earnings aside, Zoe is indifferent between the two tasks, and the number of fossils she can find depends on the number of hours a day she searches, as shown in the table below: Hours per day Total fossils per day Lowest price that Zoe would accept for fossils 1 5 $ 2 9 $ 3 12 $ 4 14 $ S 15 $ a. Using the information above, compute the lowest price that Zoe would accept per fossil in order to justify her spending more time collecting fossils and less time working as a wedding photographer. (Instructions: Round your answers to two decimal places) b. The relationship between the lowest price and the number of fossils collected is called the (Click to select) part b (demand curve or supply curve)
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