02 May Question: You manage a firm and offer your employees a $5 bonus on each additional hour of overtime. Assume…
You manage a firm and offer your employees a $5 bonus on each additional hour of overtime. Assume that hourly wage is $10 and that overtime wage is $15. Write out the equation for total earnings for a worker that works overtime. What are the total earnings for an employee who works four additional hours? Explain why you are offering this incentive to your employees. Explain why you did not increase the hourly wage from $10 to $15.
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