You Operate a Shop That Repairs TVs and VCRs

question 30

Multiple Choice

You operate a shop that repairs TVs and VCRs.The going wage rate in a competitive market for skilled repair people is $18 per hour.Given the current demand for your services,the marginal revenue product of your repair people is $28 per hour.
-You should

• A)increase the number of repair people working for you.
• B)decrease the number of repair people working for you.
• C)make no change in the number of people you use.
• D)lay off all your employees and do all the work yourself.

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CSA

Canadian Standards Association, an organization that develops standards in various industries, including electrical, mechanical, and energy management.

Canadian Standards Association

A not-for-profit organization that develops standards for a wide range of products and processes in Canada.