Refer to Scenario 12.2. What is the profit maximizing price?

Tucker Corporation sells its product for $5.00 . Tucker's industrial engineers have informed management that hiring one additional worker will increase output by five units per hour. Tucker should hire the additional worker only if the wage rate is:

a. $5.00 or less per hour. b. $1.00 or more per hour. c. $25.00 or less per hour. d. none of these.

Arrange the following goods from least to most elastic, explaining your ordering: gasoline, Exxon gas, Exxon gas at a particular gas station