If Larry starts a new pizza parlor and hires a manager for $30,000, this implies that:
A) pizza parlor managers are inexpensive to hire.
B) Larry must value his labor at less than $30,000 per year.
C) Larry must value his labor at more than $30,000 per year.
D) the price of pizza would be increased if Larry worked in the parlor himself.

Question

Quizplus · Accepted Answer

If Larry hires a manager for $30,000, it implies that Larry values his own labor at more than $30,000 per year. This is because he is willing to pay someone else that amount to manage the pizza parlor instead of doing it himself. Therefore, option C is the best choice. Options A and D are not relevant to the given information, and option B is incorrect because it assumes that Larry is taking over the manager's duties, which is not stated.

If Larry Starts a New Pizza Parlor and Hires a Manager