The Bubby Gum factory produces bubble gum. Joanne is one of the employees, and she produces 10 packs of bubble gum per hour. Joanne's money wage rate is $12 per hour. If a packet of bubble
Gum sells for $1.00, then
A) Joanne is creating a $2.00 per hour profit for the firm.
B) Joanne is creating a $2.00 per hour loss for the firm.
C) the Bubby Gum company should decrease the price of the bubble gum so it sells more and makes a larger profit.
D) the Bubby Gum company should pay Joanne more.
E) None of the above answers are correct because more information about Joanne's real wage is needed to decide what to do.
Correct Answer:
Verified
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