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Author Question: Would the owner of a profit-maximizing fast-food establishment hire another worker for 55 per day if ... (Read 100 times)

kaid0807

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on: Jun 30, 2018
Would the owner of a profit-maximizing fast-food establishment hire another worker for 55 per day if that worker added faster service, increasing sales and revenue by 50 per day? Why or why not?

Question 2

Which of the following changes can facilitate the transfer or outsourcing of formerly internal activities of a firm?
 a. Changes in technology and market structure
  b. Decline in domestic input prices
  c. Decline in net exports
  d. Rapid pace of industrialization


vboyd24

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Reply #1 on: Jun 30, 2018
Answer to Question 1

No, hiring this employee would lead to a reduction in profits by 5, adding more to overall costs than to revenues.

Answer to Question 2

A


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kaid0807

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Reply #2 on: Jun 30, 2018
Correct answers!


vboyd24

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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