Answered: If the hourly wage is $6, this business…

If the hourly wage is $6, this business should hire workers; and if hourly wage is $31, this business should hire workers. Table 18.2 Workers Total Revenue per Hour 1 $30 $50 3 $65 4 $75 5 $80

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

If the hourly wage is $6, this business should hire
workers; and if hourly wage is $31, this business should hire
workers.
Table 18.2
Workers Total Revenue per Hour
1
$30
$50
3
$65
4
$75
5
$80

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