Question

Barry's brewpub is considering hiring more brewmasters (it already employs several). the current market wage for a brew master is $120 per day. the average brew master produces 40 pints of beer per day, but barry expects the next brew master hired to produce only 20 pints per day. barry's assuming that the market for beer is perfectly competitive, brewpub will hire another brew master only if:

Answer 1

Brewpub will hire another brew master only "if a pint of brew sells for $6 or more".

The market wage is likewise the wage that relates with the supply and demand in free market part of wages. On the off chance that a laborer is of high worth to businesses, and there is a lack of that sort of specialist, wages will be offered up, as various bosses contend to employ the laborer.