Question: Tony s barbershop has four chairs and four barbers Most of

Tony’s barbershop has four chairs and four barbers. Most of the time at least one barber is idle, except on Saturday mornings when all four are continuously booked. Explain, in terms a non-economist could understand, why the cost of providing a haircut on Saturday morning is higher than at other times of the week.




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  • CreatedDecember 12, 2014
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