-The above table has the total product schedule for Joe's Barber Shop. Joe charges $6 per haircut. If the wage rate falls from $24 per worker to $12 per worker, the quantity of labor hired ________ and the new number of workers employed is ________.
Definitions:
Customer Service
The assistance and advice provided by a company to those people who buy or use its products or services.
Low Wages
Compensation amounts paid to workers that are significantly below the average for their sector or region.
CEOs Paid
Refers to the compensation, including salary, bonuses, and stock options, received by chief executive officers of corporations.
Average Employee
A hypothetical or statistical worker representative of the typical skill level, salary, and experience within a company or industry.
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