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Other Fields Homework Help Economics Topic started by: Loraine on Jun 21, 2015



Title: The Bubby Gum factory produces bubble gum. Joanne is one of the employees, and she produces 10 packs
Post by: Loraine on Jun 21, 2015
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.


Title: Re: The Bubby Gum factory produces bubble gum. Joanne is one of the employees, and she produces 10 p
Post by: Smoooth on Jul 14, 2015
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Title: Re: The Bubby Gum factory produces bubble gum. Joanne is one of the employees, and she produces 10 packs
Post by: Smoooth on Aug 31, 2015
You're welcome :-]