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Loraine Loraine
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Posts: 4563
8 years ago
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
A) Joanne is creating a $2.00 per hour loss for the firm.
B) Joanne is creating a $2.00 per hour profit for the firm.
C) the Bubby Gum company should decrease the price of the bubble gum so it sells more and makes a larger profit.
D) the Bubby Gum company should pay Joanne more.
E) None of the above answers is correct because more information about Joanne's real wage is needed to decide what to do.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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Posts: 5500
8 years ago
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8 years ago
No problemo Happy Dummy
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