Table 1-3 Ivan Runs a Custom Jewelry Shop in Sparkle

question 200

Multiple Choice

Table 1-3
Ivan runs a custom jewelry shop in Sparkle City.He is debating whether he should extend his hours of operation.Ivan figures that his sales revenue will depend on the number of additional hours the jewelry shop is open as shown in the table above.He would have to hire a worker for those hours at a wage rate of $25 per hour.
-Refer to Table 1-3.Using marginal analysis,how many hours should Ivan extend his hours of operations?

• A)2 hours
• B)3 hours
• C)4 hours
• D)5 hours
• E)6 hours

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Definitions:

Job Enrichment

The process of making a job more rewarding, engaging, and satisfying for the employees by adding more meaningful tasks and giving them more control over their work.

Motivational Theory

A theory that explores what drives individuals to initiate, direct, and sustain behaviors to achieve personal or organizational objectives.

Specialization

The degree to which jobs are narrowly defined and depend on unique expertise.

Job Variety

The degree to which a job involves different tasks, skills, and activities, often contributing to worker satisfaction and motivation.