Barry's Brewpub Is Considering Hiring More Brewmasters

question 238

Multiple Choice

Barry's Brewpub is considering hiring more brewmasters.A pint of brew sells for $3.The market wage of a brewmaster is $150 per day.Assuming that the market for beer is perfectly competitive,Barry's Brewpub will hire another brewmaster only if Barry believes that the new brewmaster will:

• A) produce the same number of pints per day as the last brewmaster hired.
• B) produce 50 or more pints per day.
• C) raise average production to 50 or more pints per day.
• D) increase the marginal product by $150 per day.

---

Definitions:

Crustal Thickness

The measure of the thickness of Earth's crust, which varies between the oceanic and continental crust.

Volcanism

the process through which magma and volcanic gases are expelled onto the Earth's surface, forming volcanic features.

Foreland Basin

A basin that forms when crust (either continental or oceanic) is warped by the weight of thrust sheets, especially when formed between a mountain belt and continental interior.

Passive Margin

A tectonically inactive edge of a continent, characterized by a transition from continental to oceanic lithosphere without significant seismic activity.