Question: In his current job, Smith can work as many hours per day as he chooses, and he will be paid $1/hr for the first 8

In his current job, Smith can work as many hours per day as he chooses, and he will be paid $1/hr for the first 8 hours he works, $2.50/ hr for each hour over 8. Faced with this payment schedule, Smith chooses to work 12hr/ day. If Smith is offered a new job that pays $1.50/ hr for as many hours as he chooses to work, will he take it? Explain.

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