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A competitive car wash currently hires 4 workers, who together can wash 80 cars per day. The market price of car washes is $5 per wash, and the price of workers is $60 per day. The car wash should hire a fifth worker if it would increase total production to at least
Commission
A fee paid to an agent or employee for completing a task or making a sale, which is often a percentage of the sale's total value.
Legal Consequences
are the outcomes that follow from the application of the law, such as penalties for breaking the law or the results of legal judgments.
Liable
Responsible by law; legally obligated to compensate for harm or damage caused.
Contract
A contract recognized by law, involving at least two parties, each with obligations to the other.
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