Omega Custom Cabinets Produces and Sells Custom Bathroom Vanities

question 393

Multiple Choice

Omega Custom Cabinets produces and sells custom bathroom vanities.The firm has determined that if it hires 10 workers,it can produce 20 vanities per week.If it hires 11 workers,it can produce 22 vanities per week.It sells each vanity for $800,and it pays each of its workers $1,000 per week.Which of the following is correct?

• A) For the 11th worker, the marginal profit is $600.
• B) For the 11th worker, the marginal revenue product is $2,000.
• C) The firm is maximizing its profit.
• D) If the firm is employing 11 workers, then its profit would increase if it cut back to 10 workers.

Understand how to leverage personal projects, like a website, in job search efforts.

Recognize the impact of the Internet on job searching and adapt strategies accordingly.

Understand the concepts of if-then propositions and what type of thought processes they require.

Comprehend the characteristics and examples of deductive reasoning.

---

Definitions:

Display Rules

Cultural or societal norms dictating the appropriate emotional expressions under various circumstances.

Cognitive Empathy

The capacity to understand another person's point of view or mental state without necessarily sharing their emotion or experience.

External Information

Information that originates outside an organization and is used to aid decision-making or strategy planning.

Broad Range

A wide spectrum or variety of options, categories, or activities, often used to describe the extent of products, services, or capabilities.