A Local Business Owner Is Considering Adding Another Employee to His

question 185

Short Answer

A local business owner is considering adding another employee to his staff in an effort to increase the number of hours that the store is open per day. If the employee will cost the owner $4,000 per month and the store takes in $50/hour in revenue with variable costs of $15/hour, how many hours must the new employee work for the owner to break even?

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Definitions:

Mediators

are individuals or parties that facilitate negotiation and dispute resolution between conflicting parties, aiming to reach mutual agreement.

Conflict Resolution

The process of resolving a dispute or a conflict by meeting at least some of each party's needs and addressing their interests.

Bonobos

A type of large primate that is recognized for its female-led social structure and intricate social interactions, closely resembling chimpanzees.

Frans De Waal

A Dutch primatologist and ethologist renowned for his research on the behavior and social intelligence of primates, contributing to our understanding of animal emotions and social behavior.