The human resource manager of the Culinary Chameleon makes the following claim: “Our workers make an average of $400 per week. We produce $4500 worth of output each week using only 10 workers. That averages out to $450 per worker per week. We should therefore hire more people as long as the wage is $400 per week." Assess this claim - is the reasoning solid or do you disagree? 2.
The human resource manager of the Culinary Chameleon makes the following claim: “Our workers make an average of $400 per week. We produce $4500 worth of output each week using only 10 workers. That averages out to $450 per worker per week. We should therefore hire more people as long as the wage is $400 per week." Assess this claim - is the reasoning solid or do you disagree? 2.
Chapter16: The Markets For Labor, Capital, And Land
Section: Chapter Questions
Problem 13P
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Transcribed Image Text:The human resource manager of the Culinary Chameleon makes the following
claim: “Our workers make an average of $400 per week. We produce $4500 worth
of output each week using only 10 workers. That averages out to $450 per worker
per week. We should therefore hire more people as long as the wage is $400 per
week." Assess this claim - is the reasoning solid or do you disagree?
2.
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