Barry's Brewpub Is Considering Hiring More Brewmasters

question 102

Multiple Choice

Barry's Brewpub is considering hiring more brewmasters.The market wage for a brewmaster is $120 per day.The average brewmaster produces 40 pints of beer per day,but Barry expects the next brewmaster to produce only 20 pints per day.Assuming the market for beer is perfectly competitive,Barry's Brewpub will hire another brewmaster only if:

• A)a pint of brew sells for $3.
• B)the new brewmaster can produce 40 pints.
• C)a pint of brew sells for $2.
• D)a pint of brew sells for $6 or more.

---

Definitions:

Genital Stage

The final stage in Freud's psychosexual development theory, occurring from puberty onwards, focusing on mature sexual intimacy.

Defense Mechanism

Psychological strategies brought into play by individuals or the ego to protect against anxiety and to manage emotional conflict and stress.

Displacement

In physics, the movement of an object from one place to another or the volume displaced by an object in a fluid.

Repression

A defense mechanism where unpleasant thoughts, memories, or feelings are unconsciously excluded from awareness.