The Bubby Gum factory produces bubble gum. Joanne is one of the employees, and she produce 10 packs of bubble gum per hour. Joanne's money wage rate is $12 per hour. Based on this information, the Bubby Gum company should O A. keep Joanne because she creates a profit for the firm O B. fire Joanne because she creates a loss for the firm. O C. decrease Joanne's wage rate because she is paid too much. O D. increase its demand for labor. O E. None of the above answers are correct because more information about Joanne's real wage is needed to decide what to do with Joanne.
The Bubby Gum factory produces bubble gum. Joanne is one of the employees, and she produce 10 packs of bubble gum per hour. Joanne's money wage rate is $12 per hour. Based on this information, the Bubby Gum company should O A. keep Joanne because she creates a profit for the firm O B. fire Joanne because she creates a loss for the firm. O C. decrease Joanne's wage rate because she is paid too much. O D. increase its demand for labor. O E. None of the above answers are correct because more information about Joanne's real wage is needed to decide what to do with Joanne.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Transcribed Image Text:The Bubby Gum factory produces bubble gum. Joanne is one of the employees, and she produce 10 packs of bubble gum per hour. Joanne's money wage rate is $12 per hour. Based on this information, the Bubby Gum company should
A. keep Joanne because she creates a profit for the firm.
O B. fire Joanne because she creates a loss for the firm.
O C. decrease Joanne's wage rate because she is paid too much.
O D. increase its demand for labor.
O E. None of the above answers are correct because more information about Joanne's real wage is needed to decide what to do with Joanne.
?
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