• What is your incentive to work?
• Would you continue to go to work if you were not being paid?
• Why did the employer hire you?
• Would you save more or spend more if the interest on your bank account increased?
• Assume ceteris paribus. From the perspective of a competitive firm in the local car wash market, what would likely be the marginal product of a sixth employee?
• Say we change the ceteris paribus assumption to allow each employee to be more productive. For example, we add a zero-cost management technique that allows for the division of labor based on specialization. As a result, each employee's marginal product increases by one. Should the car wash hire more employees?