If Larry Starts a New Pizza Parlor and Hires a Manager

question 38

Multiple Choice

If Larry starts a new pizza parlor and hires a manager for $30,000 per year,this implies that

• A)pizza parlor managers are inexpensive to hire.
• B)Larry values his labor at less than $30,000 per year.
• C)Larry values his labor at more than $30,000 per year.
• D)the price of pizza will increase if Larry works in the parlor himself.

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Definitions:

Self-Interest

The consideration of one's own advantage or benefit, often driving human behavior and decision-making.

Harold Innis

A Canadian professor and scholar known for his contributions to the field of economics and his theories on the societal impacts of communication media.

Canadian Society

Refers to the social structure, cultural norms, and collective identity that characterize Canada and its inhabitants.

Sophists

Ancient Greek teachers and philosophers known for their skill in argumentation and for their role in teaching rhetoric, politics, and ethics.