=+you pay him more than $80 per day. Sylvia is a slow worker who produces only five

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=+you pay him more than $80 per day. Sylvia is a slow worker who produces only five chairs per day, creating revenue for you of $50. Sylvia knows that she is slow and so will work for you if you pay her more than $40 per day. Although Sylvia knows she is slow and Fred knows he is fast,

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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