A bakery hires a new worker who is expected to produce an additional 20 loaves of bread per day. The bakery sells each loaf for $3, and the wage for the new worker is $8 per hour. Based on this information, what should the bakery consider when evaluating whether to hire the new worker?

When the bakery considers hiring the new worker, it should look at the extra money the worker will bring in compared to the cost of hiring them. The new worker is expected to produce 20 loaves of bread each day, and since each loaf sells for $3, the bakery will earn an additional $60 daily from these loaves. However, the cost of hiring the worker is $8 per hour, and if we assume they work 8 hours a day, that totals $64. Therefore, the bakery needs to evaluate that the extra revenue of $60 is less than the $64 cost, meaning hiring the worker would not be financially beneficial. In this case, the bakery might decide not to hire the new worker because the cost outweighs the additional income.