Diane\'s Auto World installs tires on Automobiles, lighttrucfks, and sport utili

Question

Diane's Auto World installs tires on Automobiles, lighttrucfks, and sport utility vehicles. She is aprofit-maximizing business owner whose firm operates in acompetitive market. The marginal cost of installing a tireis$10. The marginal productivity of the last worker thatDiane hired was 2 tires per hour. What is the maximum hourlywage that Diane was willing to pay the last worker hired. a.$5 b.$10 c.20 d.There is insufficient information to answer thisquestion. Diane's Auto World installs tires on Automobiles, lighttrucfks, and sport utility vehicles. She is aprofit-maximizing business owner whose firm operates in acompetitive market. The marginal cost of installing a tireis$10. The marginal productivity of the last worker thatDiane hired was 2 tires per hour. What is the maximum hourlywage that Diane was willing to pay the last worker hired. a.$5 b.$10 c.20 d.There is insufficient information to answer thisquestion.

Explanation / Answer

d.There is insufficient information to answer thisquestion.

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