Recall the Application About Jasper Johns and House Painting to Answer

question 33

Multiple Choice

Recall the Application about Jasper Johns and house painting to answer the following question(s) . In this Application, it is assumed that Johns can earn $5,000 per day by painting works of art, and therefore should hire a house painter who charges $150 per day, and takes 10 days, to paint his house.
-Based on the Application, Jasper Johns' daily earnings are 33.33 times more than the house painter's daily earnings. If Jasper Johns' earnings per day were only twice as much as the house painter's earnings, what should he do?

• A) He should still hire the house painter to paint his house.
• B) He should paint his house himself.
• C) He should hire a less productive house painter.
• D) He should remain indifferent as to who paints the house, for the difference in daily earnings would now be much less significant.

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Definitions:

Loop layout

A store design where aisles and pathways are arranged in a manner that guides customers in a circular route through the space.

Predominant Aisle

The main or most prominent pathway within a store or area, often where key products or services are displayed.

Home Office

Home office pertains to a space designated in a person's residence for official business purposes, often used for tax deduction considerations.

Low Overhead

Describes a business model or operation where the fixed costs required to run the business, such as rent, utilities, and administrative expenses, are minimal, leading to higher profit margins.