Table 1-1 Lydia Runs a Small Nail Salon in the in the Town

question 208

Multiple Choice

Table 1-1
Lydia runs a small nail salon in the town of New Hope. She is debating whether she should extend her hours of operation. Lydia figures that her sales revenue will depend on the number of hours the nail salon is open as shown in the table above. She would have to hire a worker for those hours at a wage rate of $10 per hour.
-Refer to Table 1-1. What is Lydia's marginal cost if she decides to stay open for two hours instead of one hour?

• A) $10
• B) $20
• C) $25
• D) $40

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Definitions:

Authority to Schedule

The power or right granted to individuals, such as managers, to set work hours, assign shifts, and plan the timing of tasks and activities within an organization.

Autonomy

The degree to which a job provides the employee with the independence and discretion to schedule their work and determine how it is carried out.

Job Characteristic

Attributes or aspects of a job that influence an employee’s work and levels of satisfaction, such as task variety or autonomy.

Task Knowledge

Understanding and expertise related to the specific tasks and responsibilities of a job role.