Problem
1. Explain why self-employed business owners frequently overestimate their profit levels.
2. Imagine a restaurant in which tables are spread over a large area, and there is only one waitperson. Explain to the manager why there might be increasing marginal product of labor associated with hiring a second waitperson.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.