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.