Question: Scenario 2 - Use the data table below to answer the questions that follow Output for a sandwich shop - You are in the manager

Scenario 2 - Use the data table below to answer the questions that follow Output for a sandwich shop - You are in the manager of a new shop in town and you have to hire employees for a new store. You will hire at least one employee # employees Cost per Total # sandwiches employee per hour $10 10 2 $10 22 3 $10 37 4 $10 45 5 $10 50 a) What is the marginal benefit for each employee added? b) What is the marginal cost for each employee added? c) Knowing that you always want to maximize benefit (being a rational decision maker), what would be the optimal number of employees to hire if the output table above were used? Explain your
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
