Table 2.2 -Krystal Runs a Nail Salon and Needs to Decide How

question 84

Multiple Choice

Table 2.2

-Krystal runs a nail salon and needs to decide how many hours to stay open. Table 2.2 illustrates her marginal costs of staying open for each additional hour. Suppose that we observe Krystal staying open 5 hours and her marginal benefit of staying open per hour is $18. If she is following the marginal principle, Krystal should

• A) stay open 2 more hours.
• B) stay open 3 more hours.
• C) stay open 2 fewer hours.
• D) stay open 3 fewer hours.

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Definitions:

Political Skill

The ability to understand and influence others in a way that enhances personal and organizational objectives.

Political Network

A web of relationships, communications, and interactions among individuals, groups, and organizations centered on political action, influence, and decision making.

Referent Power

A form of influence based on the leader's personal traits, where followers identify with and wish to emulate the leader.

Coalition Formation

The process by which parties, organizations, or individuals come together to form a temporary alliance or partnership for a common purpose.