Economics:
Economics:
10th Edition
ISBN: 9781285859460
Author: BOYES, William
Publisher: Cengage Learning
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Chapter 29, Problem 12E
To determine

To explain:

The meaning of the term "Exploitation" used by Mrs. S.

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Q54 Justin Trudeau, who owns a barbershop in Ottawa, charges and charges $20 per haircut. By hiring one barber named Sophie at $15 per hour, the shop can provide 20 haircuts per eight-hour day. By hiring a second barber, Shelly,  at the same wage rate, the shop can now provide a total of 36 haircuts per day. Justin Trudeau should Multiple Choice   hire the second barber, Shelly, because she will add $320 to profits.   not hire the second barber, Shelly, because she will diminish profits.   not hire the second barber, Shelly because she is less productive than the first barber, Sophie.   hire the second barber, Shelly, because she will add $200 to profits.   close shop.
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