If the Marginal Cost of Hiring Another Worker to Produce

question 57

Multiple Choice

If the marginal cost of hiring another worker to produce sandwiches is $4 per sandwich, and sandwiches sell for $5 each, then:

• A)another worker should be hired.
• B)another worker should not be hired.
• C)two more workers should be hired.
• D)Not enough information is given to answer this question.

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Definitions:

Brick and Mortar

Physical stores or establishments that are physically present in a building or location, as opposed to online or virtual.

Online Sales

The act of selling goods or services over the Internet.

Product Variety

The range of different items or models that a company offers to meet diverse customer needs and preferences.

Omni-Channel Retail

A multi-channel approach to sales that aims to provide the customer with a seamless shopping experience, whether they are shopping online, by phone, or in a physical store.