Blast! Turns out child workers are not as productive as adults that I was basing my decision off of. Basically, they are two minutes slower across the board:# of Concession Stand EmployeesAverage Wait Time (Minutes)Average Wait Time (Minutes) with Child Employees118202810368457579At the daily rate of $12.50 per child worker per day, how many should I hire?(If you are doing this correctly you are thinking with marginal analysis, and if so, might be wondering if this is a trick question. It is not, it is quite straight forward precisely because of marginal analysis!)

To determine the optimal number of child workers to hire, you need to find the minimum average wait…

Answered: At the daily rate of $12.50 per child…

Microeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506893

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter12: The Supply Of And Demand For Productive Resources

Section: Chapter Questions

Problem 6CQ

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Blast! Turns out child workers are not as productive as adults that I was basing my decision off of. Basically, they are two minutes slower across the board:

# of Concession Stand Employees	Average Wait Time (Minutes)	Average Wait Time (Minutes) with Child Employees
1	18	20
2	8	10
3	6	8
4	5	7
5	7	9

At the daily rate of $12.50 per child worker per day, how many should I hire?

(If you are doing this correctly you are thinking with marginal analysis, and if so, might be wondering if this is a trick question. It is not, it is quite straight forward precisely because of marginal analysis!)

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