3. Dominos Pizza is trying to attract pizza delivery drivers away from Pizza Hut by offering them hourly wages above the current market wage (assumed to be $8 per hour). If the correct supply price elasticity for delivery drivers is 3.0 and Dominos wants to increase its delivery personnel by 15 percent, then they must increase their hourly wage from $8/hour to: a. $8.40/hour b. $8.80/hour c. $9.00/hour d. $9.40/hour

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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3. Dominos Pizza is trying to attract pizza delivery drivers away from Pizza Hut by offering
them hourly wages above the current market wage (assumed to be $8 per hour). If the
correct supply price elasticity for delivery drivers is 3.0 and Dominos wants to increase
its delivery personnel by 15 percent, then they must increase their hourly wage from
$8/hour to:
a. $8.40/hour
b. $8.80/hour
c. $9.00/hour
d. $9.40/hour
Transcribed Image Text:3. Dominos Pizza is trying to attract pizza delivery drivers away from Pizza Hut by offering them hourly wages above the current market wage (assumed to be $8 per hour). If the correct supply price elasticity for delivery drivers is 3.0 and Dominos wants to increase its delivery personnel by 15 percent, then they must increase their hourly wage from $8/hour to: a. $8.40/hour b. $8.80/hour c. $9.00/hour d. $9.40/hour
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