Figure 2.4 -Joe Runs a Business and Needs to Decide How Many

question 20

Multiple Choice

Figure 2.4
-Joe runs a business and needs to decide how many hours to stay open. Figure 2.4 illustrates his marginal benefit of staying open for each additional hour. Suppose that Joe's marginal cost of staying open per hour is $40. How many hours should Joe stay open?

• A) 4 hours
• B) 5 hours
• C) 3 hours
• D) 6 hours

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Definitions:

Applicant-Tracking Systems

Software applications that enable the electronic handling of recruitment needs, automating the process of reviewing resumes and tracking candidates.

Electronic Databases

Collections of data organized for rapid search and retrieval by a computer.

Competitive Market

A market structure characterized by many buyers and sellers, all trying to secure the best possible deal.

Electronic Résumé

A digital version of a résumé, often formatted to be easily read on computers and mobile devices, and to be searchable by keywords.