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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. If a packet of bubble gum sells for $1.00, then Joanne ________ because ________.
A)  is creating a $2.00 per hour loss for the firm; her real wage rate is more than her output per hour
B)  is creating a $2.00 per hour profit for the firm; her real wage rate is more than her output per hour
C) should recommend that the Bubby Gum company should decrease the price of the bubble gum; it would sell more and bring a larger profit
D) should ask for a raise in pay; then her real wage would be less than her output per hour
E) is the last person the Bubby Gump company will employ; an additional hire would produce equal the amount of additional labor to real wage per hour


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
My pleasure :-]