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A business firm is considering hiring 10 additional people to operate an additional production line. The firm calculates that the extra cost of hiring
A business firm is considering hiring 10 additional people to operate an additional production line. The firm calculates that the extra cost of hiring the people is $250,000 and the extra benefit (value of produced goods) of hiring the people is $320,000. Using these numbers, what would an economic analyst recommend to the firm's managers making the decision to hire? Why?
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Elementary Statistics
Authors: Robert R. Johnson, Patricia J. Kuby
11th Edition
978-053873350, 9781133169321, 538733500, 1133169325, 978-0538733502
