The price elasticity of demand of the market in the retail trade industryr is 1.3. If the price elasticity of demand for one rm is 2.2, what is the Rothchild index? Round your answer to two decimal places. 0 0.89 o 0.59 o 1.59 0 0.41 A manager needs to decide whether or not to hire one more hour of labor. The MPL is 40 units, the selling price of the output is $0.75 per unit, and the hourly wage is $28.00. Which of the following indicates what the manager should do and for the right reason? 0 The manager should not hire the additional hour of labor because the wage rate is greater than the per-unit price. 0 The manager should hire the additional hour of labor because the VM PL is positive. 0 The manager should hire the additional hour of labor because the VM PL is greater than the wage rate. Q The manager should hire the additional hour of labor because the MPL is positive. 0 The manager should not hire the additional hour of labor because the VMPL is less than the wage rate