-The Table Above Shows Output and Costs of Evan's Subs

question 213

Multiple Choice

-The table above shows output and costs of Evan's Subs, a typical perfectly competitive firm in a local market for sandwiches. Evan's fixed cost is $9 per hour. The current market price of a sandwich is $6. What is Evan's marginal revenue from the 2nd sandwich sold?

• A) $10.00
• B) $13.50
• C) $3.00
• D) $6.00

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Definitions:

OD Intervention Technique

A systematic method employed in Organizational Development to improve and effect change in the workplace through people-oriented, process-oriented, or task-oriented activities.

Organizational Goal Setting

The process of establishing objectives and targets within an organization to guide actions and measure performance.

Survey Feedback

A method of gathering data from respondents and then providing them or organizations with the results for analysis or action.

Emotional Standstill

A state or condition where an individual experiences a lack of emotional growth, change, or progress.