1. Brenda owns a construction company that employs bricklayers and other skilled tradesmen. Her firms MRP for...

Question:

1. Brenda owns a construction company that employs bricklayers and other skilled tradesmen. Her firm’s MRP for bricklayers is

$22.25 per hour for each of the first seven bricklayers, $18.50 for an eighth bricklayer, and $17.75 for a ninth bricklayer.

Given that she is a price taker when hiring bricklayers, how many bricklayers will she hire if the market equilibrium wage for bricklayers is $18.00 per hour? LO17.2

a. Zero.

b. Seven.

c. Eight.

d. Nine.

e. More information is required to answer this question.

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