The Table Below Shows the Total Production for Varying Numbers

question 14

Multiple Choice

The table below shows the total production for varying numbers of hours worked producing yo- yos.The firm sells its product and hires its workers in competitive markets. $$\begin{array} { | c | c | c | c | } \hline \begin{array} { c } \text { Number of } \\\text { Hours Worked }\end{array} & \begin{array} { c } \text { Number of } \\\text { Yo-Yos } \\\text { Produced }\end{array} & \begin{array} { c } \text { Wage Rate } \\\text { per Hour } ( \$ ) \end{array} & \begin{array} { c } \text { Price of Yo- Yos } \\( \$ ) \end{array} \\\hline 10 & 60 & 10 & 5 \\\hline 11 & 70 & 10 & 5 \\\hline 12 & 78 & 10 & 5 \\\hline 13 & 84 & 10 & 5 \\\hline 14 & 88 & 10 & 5 \\\hline 15 & 90 & 10 & 5 \\\hline\end{array}$$ TABLE 13- 4
-Refer to Table 13- 4.What is the marginal cost of the variable factor employed by this firm?

• A)$30
• B)$10
• C)$5
• D)$0
• E)$20

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Definitions:

Silence

The absence of verbal communication, which can be a powerful form of non-verbal communication or a strategy used in various contexts.

Downward Communication

A form of communication that flows from higher levels of the organizational hierarchy to lower levels, typically involving directives, instructions, and information dissemination.

Chain of Command

The formal line of authority within an organization, specifying the hierarchy of reporting relationships from top management to the lowest levels.

Relational Testing

The process of examining and evaluating the dynamics and health of interpersonal relationships.