:> Question 1 1 pts A college player should turn pro when Staying in college another year does not increase his earnings. Staying in college another year increases his earnings as much as possible. Staying in college another year does not increase his earnings above the cost of waiting. Staying in college another year reduces his earnings. 3 Question 2 1 pts Salaries have risen dramatically in the NBA because of the dramatic rise in: The market value of the product the players produce. The opportunity cost faced by players. The quality of the players. The strength of the Players' Association. :> Question 3 1 pts What is the economic reasoning behind the slope of the labor supply curve? {select multiple answers} If the wage rate is high enough then additional increases in the wage rate may lead to a decrease in the quantity of labor that is supplied because people will now place a premium on time off. As the wage rate increases, the opportunity cost of not working also increases. The supply of labor curve is different for each person. The supply of labor is positively sloped up to a point