Consider a dentist and a 14-year old boy.The dentist can make $100 per hour drilling teeth and the 14-year old boy can make $2 per hour picking up used aluminum cans.The dentist is a manly man and can mow his half-acre lot in one hour.The 14-year old boy can mow the lawn in two hours.If the dentist hires the boy to mow his lawn at any price less than $100,but more than $4
A)both he and the boy are better off.
B)the dentist would be exploiting the boy.
C)the boy would be exploiting the dentist.
D)all of the options

Question

Quizplus · Accepted Answer

If the dentist hires the boy to mow his lawn at a price less than $100 but more than $4, both he and the boy are better off. The dentist saves time and energy by having his lawn mowed, while the boy earns more money than he would picking up aluminum cans. It is a win-win situation. Neither party is exploiting the other if they agree on a fair price.

Consider a Dentist and a 14-Year Old Boy