Barry's Brewpub Is Considering Hiring More Brewmasters

question 41

Multiple Choice

Barry's Brewpub is considering hiring more brewmasters. A pint of brew sells for $3. The market wage of a brewmaster is $150 per day. Assuming that the market for beer is perfectly competitive, Barry's Brewpub will hire another brewmaster only if Barry believes the new brewmaster will:

• A) produce the same number of pints per day as the last brewmaster hired.
• B) produce 50 or more pints per day.
• C) raise total production to 50 or more pints per day.
• D) increase the marginal product by $150 per day.