Using the Following Information, Complete Questions 12 - 15

question 41

Multiple Choice

Using the following information, complete questions 12 - 15
A manufacturer of inexpensive toys operates in a city that offers significant tax benefits in order to entice new businesses to set up shop. The firm has the relationship between the number of workers per hour and the total product per hour shown in the following table. The relationship between output produced and per hour and the price at which it can be sold is also given. Assume that the cost of materials used in each toy is $.05. Because of local tax credits resulting from operating in this specific city, the firm's effect wage rate is $2.00 per hour.
-Given the above information, what is the firm's Net Marginal Revenue?

• A) 1.90, .65, .10, .05, 0
• B) 1.95, .70, .15, .10, .05
• C) 2.00, .75, .20, .15, .10
• D) 2.05, .80, .25, .20, .15
• E) 2.10, .85, .30, .25, .20

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Definitions:

Audience Benefit

The advantage or positive outcome that the audience gains from engaging with a presentation, product, or service.

Compelling Arguments

Persuasive and strong reasons or evidence presented to convince others of a particular stance, viewpoint, or decision.

Practical Information

Useful and actionable details or data that can be applied in real-life situations.

Employee Turnover

The rate at which employees leave a company and are replaced by new employees.