Table 1-6 Ivan Runs a Custom Jewelry Shop in Sparkle

question 457

Multiple Choice

Table 1-6
Ivan runs a custom jewelry shop in Sparkle City. He is debating whether he should extend his hours of operation. Ivan figures that his sales revenue will depend on the number of additional hours the jewelry shop is open as shown in the table above. He would have to hire a worker for those hours at a wage rate of $25 per hour.
-Refer to Table 1-6. What is Ivan's marginal benefit if he decides to stay open for six hours instead of five hours?

• A) $10
• B) $20
• C) $30
• D) $91.67

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Definitions:

Emotional Support

Assistance provided through empathy, concern, encouragement, and companionship to help someone cope with stress, challenges, or emotional distress.

Social Needs

Fundamental human desires for belonging, love, and affections within their social groups or communities.

Informal Structures

The unofficial and tacit social networks, relationships, and ways of working within an organization.

Organization Structure

The system of roles, responsibilities, and relationships within an organization that determines how it operates and makes decisions.