Harry owns a barbershop and charges $6 per haircut. By hiring one barber at $10 per hour, the shop can provide 24 haircuts per eight-hour day. By hiring a second barber at the same wage rate, the shop can now provide a total of 42 haircuts per day. Harry should

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The first barber provides 24 haircuts, generating $144 in revenue (24 x $6) and costing $80 in wages (8 x $10), resulting in a profit of $64. The second barber adds 18 haircuts (42 total - 24), generating $108 in revenue (18 x $6) and costing $80 in wages, resulting in a profit of $28. Therefore, hiring the second barber adds $28 to profits.

Harry Owns a Barbershop and Charges $6 Per Haircut