Molly owns a company that gives one-on-one skiing lessons. She is deciding how many ski instructors to hire. The price of a ski class is $100, and the equilibrium wage for a ski instructor is $300 per day. According to the table below and the Rational Rule for Employers, how many ski instructors should Molly hire? Total number of Number of ski instructors ski lessons 1 8 2 14 3 17 4 19 20

Molly owns a company that gives one-on-one skiing lessons. She is deciding how many ski instructors to hire. The price of a ski class is $100, and the equilibrium wage for a ski instructor is $300 per day. According to the table below and the Rational Rule for Employers, how many ski instructors should Molly hire? Total number of Number of ski instructors ski lessons 1 8 2 14 3 17 4 19 20

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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