7. Tonys barbershop has four chairs and four barbers. Most of the time at least one barber...
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7. Tony’s barbershop has four chairs and four barbers. Most of the time at least one barber is idle, except on Saturday mornings when all four are continuously booked. Explain, in terms a noneconomist could understand, why the cost of providing a haircut on Saturday morning is higher than at other times of the week.
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