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The Table Below Shows How Total Donations, Average Donations, Total

question 55

Multiple Choice

The table below shows how total donations, average donations, total labor costs and average labor costs vary depending on the number of employees State U hires for its fundraising activities. The table below shows how total donations, average donations, total labor costs and average labor costs vary depending on the number of employees State U hires for its fundraising activities.   The Chair of the Economics Department at State U says that fundraising employees should be hired as long as their marginal benefit exceeds their marginal cost. If the University follows this advice, then ______ employee(s)  will hired, and the net benefit (total donations minus total labor costs)  will be ______. A)  1; $22,000 B)  2; $25,426 C)  3; $25,426 D)  2; $3,476 The Chair of the Economics Department at State U says that fundraising employees should be hired as long as their marginal benefit exceeds their marginal cost. If the University follows this advice, then ______ employee(s) will hired, and the net benefit (total donations minus total labor costs) will be ______.

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Definitions:

Brain Development

The process by which the brain grows and matures, involving the formation of neurons, synapses, and the integration of sensory and cognitive functions.

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The limitation of food intake, voluntarily or involuntarily, often used in experimental studies to assess impacts on health or behavior.

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A methodical series of steps taken to acquire new knowledge through observations, experiments, and analysis.

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