Economics: Principles, Problems, and Policies, 19th Edition

Published by McGraw-Hill Education
ISBN 10: 0073511447
ISBN 13: 978-0-07351-144-3

Chapter 13 - Wage Determination - Problems - Page 286: 5c

Answer

${$128}$ per car

Work Step by Step

The cost to pay a salesperson for 8 hours is now ${$320}$, and now sells an average of 2.5 cars each day, so dividing these, we get the labor cost per car sold is now $320/2.5=\$128$.
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.