Question
Suppose your roommate, Clara, is starting a room-cleaning business on your campus. There are five potential workers. Each is willing to work for the following
Suppose your roommate, Clara, is starting a room-cleaning business on your campus. There are five potential workers. Each is willing to work for the following daily wage:
Daily Wage Requirement:
Alex: $110
Diane: $130
Cedric: $150
Peter: $170
Zelda: $190
Suppose that each person could clean eight rooms in a day and that Clara charges $25for each room that is cleaned.
How many workers should Clara hire?
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Introduction to Behavioral Economics
Authors: David R. Just
1st edition
0470596228, 978-0470596227
