If She Uses the Laplace Criterion, How Many Beauticians Will

question 91

Multiple Choice

If she uses the Laplace criterion, how many beauticians will she decide to hire?

• A)one
• B)two
• C)three
• D)either one or two
• E)either two or three

---

Definitions:

Maximum Rent

The highest price that can be charged for a property or piece of land, often regulated by law in rent-controlled areas to protect tenants from excessive rent increases.

Price Elastic

refers to the responsiveness of the quantity demanded of a good or service to a change in its price.

Per-Unit Tax

A tax imposed on a product based on the number of units purchased, not the value of the purchase.

Buyers

Individuals or entities that exchange money for goods and services.