The Table Below Shows the Total Production for Varying Numbers

question 17

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.
TABLE 13-4
-Refer to Table 13-4.Which of the following statements best describes the situation of this firm when it is employing 12 hours of labour? The 12th hour of labour hired

• A)adds $10 to revenue and costs $10 to hire,so this firm is maximizing its profit at 12 hours of labour.
• B)adds $5 to revenue,but costs $10 to hire,so this firm should hire less labour.
• C)adds $30 to revenue,but only costs $10 to hire,so this firm should hire more labour.
• D)adds $8 to revenue,but costs $10 to hire,so this firm should hire less labour.
• E)adds $40 to revenue,but only costs $10 to hire,so this firm should hire more labour.

Comprehend the critical role of goals and strategic planning in setting an organization's future direction.

Develop critical thinking skills through the analysis of PR campaigns and situation analyses.

Understand the impact of social purpose on consumer purchasing decisions and brand loyalty.

Appreciate the role of evaluation in demonstrating the effectiveness of strategic plans and securing future support.

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Definitions:

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A light or symbol on the dashboard that indicates information or warnings related to steering or the vehicle's direction control systems.

Electric Assist System

A system within a vehicle designed to provide supplementary power to assist the driver, often used in steering or braking systems.

Socket

A tool or device into which something else is inserted, often used to refer to a wrench part that fits over a nut or bolt head.

Stud

A type of fastener that is threaded on both ends; one end is screwed into a tapped hole and the other end typically holds a nut.