(Table: Output and Marginal Cost) Look at the Table Output

question 66

Multiple Choice

(Table: Output and Marginal Cost) Look at the table Output and Marginal Cost.After graduation you achieve your dream of opening your own art shop that specializes in selling mud statues.After careful study, you determine the information in the table.How many workers should you hire to minimize your average variable costs?

• A)two
• B)three
• C)four
• D)five

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Definitions:

Cognitive Developmental Strategies

Techniques or methods used to improve or enhance an individual's learning process through the development of thinking and understanding.

Employee Development

Activities or programs provided by an employer to enhance the knowledge, skills, and abilities of employees, fostering growth and career advancement.

Competency-Based Approach

A method of assessment and development that focuses on an individual's skills, knowledge, and behaviors as they relate to job requirements.

Role-Playing

A training technique that requires trainees to assume different identities in order to learn how others feel under different circumstances.