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Business Management Problem: Profit Maximizing Employer

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Suppose I am making $18 an hour installing electronic chips in handheld computers. Would your offer to work for $8 an hour get you the job? Why might a profit-maximizing employer turn down your offer?

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This solution explains the answer to the given business management problem.

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ANSWERS

I might offer to do the job at a much lower rate considering several factors:

1. It's difficult for me ...

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