Juanita is trying to convince the owner of a jewelry store to hire her. She argues that she could help the shop sell an additional three rings per day for a profit of $20 each. If the facts are not in dispute, but the owner does not hire her, then
A) the wage rate must be less than $60 per day.
B) hiring Juanita would involve a negative marginal product.
C) the wage rate must be more than $60 per day.
D) the wage rate must be less than $20 per day.
Correct Answer:
Verified
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