The Bubby Gum factory produces bubble gum.Joanne is one of the employees,and she produces 10 packs of bubble gum per hour.Joanne's money wage rate is $12 per hour.Based on this information,the Bubby Gum company should
A) keep Joanne because she creates a profit for the firm.
B) fire Joanne because she creates a loss for the firm.
C) decrease Joanne's wage rate because she is paid too much.
D) increase its demand for labor.
E) None of the above answers is correct because more information about Joanne's real wage is needed to decide what to do.
Correct Answer:
Verified
Q70: Firms hire more labor as long as
A)the
Q71: The benefit to the firm of hiring
Q72: A firm hires labor up to the
Q73: The real wage rate is the _
Q74: If the real wage rate decreases from
Q76: The quantity of labor demanded is the
Q77: The demand for labor reflects the point
Q78: As long as an additional worker hired
Q79: The demand for labor curve is
A)a vertical
Q80: When all other influences on firms' hiring
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