11, 2023 at 12:33 PM Harry owns a barber shop and charges $6 per haircut. By hiring one barber at $10 per hour, the shop can provide 24 haircuts per eight-hour day. Bythiting a second barber at the same wage rate, the shop can now provide a total of 42 haircuts per day. Harry should Multiple Choice not hire the second barber because he is less productive than the first barber. not hire the second barber because he will diminish profits. hire the second barber because he will add $28 to profits. hire the second barber because he will add $108 to profits.
11, 2023 at 12:33 PM Harry owns a barber shop and charges $6 per haircut. By hiring one barber at $10 per hour, the shop can provide 24 haircuts per eight-hour day. Bythiting a second barber at the same wage rate, the shop can now provide a total of 42 haircuts per day. Harry should Multiple Choice not hire the second barber because he is less productive than the first barber. not hire the second barber because he will diminish profits. hire the second barber because he will add $28 to profits. hire the second barber because he will add $108 to profits.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Harry owns a barber shop and charges $6 per haircut. By hiring one barber at $10 per hour, the shop can provide 24 haircuts per eight-hour day. By thiting
a second barber at the same wage rate, the shop can now provide a total of 42 haircuts per day. Harry should
Multiple Choice
not hire the second barber because he is less productive than the first barber.
not hire the second barber because he will diminish profits.
hire the second barber because he will add $28 to profits.
hire the second barber because he will add $108 to profits.
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