The Table Below Shows the Total Production for Varying Numbers

question 49

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 15 hours of labour? The 15th hour of labour hired

• A)adds $5 to revenue,but costs $10 to hire,so this firm should hire less labour.
• B)adds $20 to revenue,but only costs $10 to hire,so this firm should hire more labour.
• C)adds $10 to revenue and costs $10 to hire,so this firm is maximizing its profit at 15 hours of labour.
• D)adds $50 to revenue,but only costs $10 to hire,so this firm should hire more labour.
• E)adds $2 to revenue,but costs $10 to hire,so this firm should hire less labour.

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Definitions:

Refreezing Process

The final stage in Lewin's change model where new behaviors or changes are solidified into place.

Hiring Policies

The set of guidelines and practices a company follows to recruit and select new employees.

William Bridges

An author and consultant who focuses on transitions and managing change in individuals and organizations.

Acceptance

The act of receiving or consenting to something offered, or the recognition of a situation without attempting to change it.