Barry's Brewpub is considering hiring more brew masters (it already employs several).A pint of brew sells for $3.The market wage of a brew master is $150 per day.Barry's Brewpub will hire another brew master only if Barry believes the new brew master will:
A)produce the same number of pints per day as the last brew master hired.
B)produce 50 or more pints per day.
C)raise total production to 50 or more pints per day.
D)increase the marginal product by $150 per day.

Question

Quizplus · Accepted Answer

Barry's Brewpub will hire another brew master if the additional brew master can produce enough pints to cover their wage cost. At $3 per pint, the new brew master must produce at least 50 pints per day to cover the $150 daily wage.

Barry's Brewpub Is Considering Hiring More Brew Masters (It Already