Multiple Choice
Harry owns a barbershop and charges $6 per haircut. By hiring one barber at $10 per hour, the shop can provide 24 haircuts per eight-hour day. By hiring a second barber at the same wage rate, the shop can now provide a total of 42 haircuts per day. The MRP of the second barber is
A) 18 haircuts.
B) $108.
C) 42 haircuts.
D) $126.
Correct Answer:

Verified
Correct Answer:
Verified
Q203: Suppose that the labor cost to total
Q204: When the elasticity coefficient for resource demand
Q205: The equation MP ₗ / Pₗ =
Q206: Before ATMs, the average bank branch employed
Q207: Which of the following occupations is projected
Q209: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the
Q210: A profit-maximizing firm should hire an input
Q211: Elasticity of resource demand is measured by
Q212: The labor demand curve of a firm
Q213: Which of the following increases in labor