Jason hires groundskeepers. they work an average of 60 hours per month. if seven groundskeepers are hired at $12/hour, what is the monthly labor cost for groundskeepers?

If Jason will hire 7 groundkeepers and their average wage per month is 60 and their minimum wage per hour is 12, the monthly labor cost for the groundkeepers will be $5,040.

Solution:

7 x $12 x 60 = $5,040

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

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