1 pts DQuestion 10 Floyd owns a barbershop. He has being a barber.iIt costs him

Question

1 pts DQuestion 10 Floyd owns a barbershop. He has being a barber.iIt costs him $100 per day for each barber and it costs him $50 per day to cover operating costs. Each barber him in $150 per day in revenue and he brings $200 per day to his business in revenue because he charges a premium for performing sunk costs of $50.000 for the building, $10,000 for his equipment, and $5,000 for his education in economic decision rule to determine if he should hire more barbers. Which of the following is one of the costs haircuts, Ford uses the he considers? The cost of his The cost of his education O The cost per barber 6 2 2 3 5 8 9 WE

Explanation / Answer

The correct choice is :- The cost per barber

Explanation : - According to the the economic decisions rule, the additional value of output received from using the next unit of input should be greater than or equal to the additional cost of using that unit of input, otherwise the firm will not use that unit of input. Hence Floyd would consider the cost of the barber.

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