Maximize the efficiency of its labor expenditures

Reference no: EM13685508

If the firm's goal is to maximize the efficiency of its labor expenditures, which of the three hourly salary rates should it use: $26 per hour, $36 per hour, or $49 per hour? By contrast, which salary maximizes the productivity of the car dealer's workers (cars sold per worker per day)?

Reference no: EM13685508

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