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21 January, 21:16

Allison is debating about hiring Jim for a new position at her firm producing computer software. She estimates that Jim will add an additional $500 of revenue a day to her firm. Instructions: Enter your answers as a whole number. a. What is the maximum wage at which Allison would be willing to hire Jim?

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  1. 21 January, 21:27
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    The maximum wage Allsion would be willing to hire Jim is $500 per a day.

    Explanation:

    Since Jim's appearance at the firm is estimated to create an additional revenue of $500 per day, for the firm to be profitable from hiring Jim to work for them, the additional cost incurred from hiring him - that is his salary, should not exceed $500 per a day.

    Thus, the maximum wage the computer software company is willing to pay Jim is $500 per a day.
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Home » Business » Allison is debating about hiring Jim for a new position at her firm producing computer software. She estimates that Jim will add an additional $500 of revenue a day to her firm. Instructions: Enter your answers as a whole number. a.
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