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Business, 05.04.2021 23:50 0139236

Juan's Coffee Shop is purchasing resources out of perfectly competitive resource markets and is a price taker in the coffee market. The price of barista labor is $10 per hour and the marginal productivity of the last barista hired is 15 drinks per hour. The price of custodial labor is $8 per hour. Juan has calculated the marginal productivity of the last custodian hired to be 4 drinks per hour. If the price of a cup of coffee is $1, how should Juan adjust how much barista and custodial labor he is hiring

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