Harry owns a barbershop and charges $6 per haircut. By hiring one barber at $10 per hour, the shop can provide 24 haircuts per eight-hour day. By hiring a second barber at the same wage rate, the shop can now provide a total of 42 haircuts per day. Harry should Multiple Choice not hire the second barber, because she will diminish profits hire the second barber because she will add $108 to profits. hire the second barber because she will add $28 to profits. not hire the second barber, because she is less productive than the first barber

Harry owns a barbershop and charges $6 per haircut. By hiring one barber at $10 per hour, the shop can provide 24 haircuts per eight-hour day. By hiring a second barber at the same wage rate, the shop can now provide a total of 42 haircuts per day. Harry should Multiple Choice not hire the second barber, because she will diminish profits hire the second barber because she will add $108 to profits. hire the second barber because she will add $28 to profits. not hire the second barber, because she is less productive than the first barber

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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