You Own a Pizza Shop Called "Pizzas'R' Us How Many Cooks Should You Hire to Maximize Your Net

question 32

Multiple Choice

You own a pizza shop called "Pizzas'R' Us". Currently you are paying your cooks an hourly wage of $20. You sell a medium pizza for $10. By hiring more cooks, you can increase your pizza production as shown in the following table. $$\begin{array} { | l | l | } \hline \begin{array} { l } \text { Number of } \\\text { cooks }\end{array} & \begin{array} { l } \text { Total production of } \\\text { pizzas each hour }\end{array} \\\hline 0 & 0 \\\hline 1 & 4 \\\hline 2 & 7 \\\hline 3 & 9 \\\hline 4 & 10 \\\hline 5 & 10 \\\hline\end{array}$$ How many cooks should you hire to maximize your net benefit?

• A) 1
• B) 3
• C) 4
• D) 5

Comprehend the concept of profit as the primary goal of business and its societal implications.

Identify the role and importance of stakeholders in an organization’s success.

Understand the aspects and functions of management within a business context.

Recognize the concepts related to finance in business including obtaining and effectively using money.

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Definitions:

Earnings Gap

The disparity in income between different groups of people, often highlighted between genders, races, or education levels.

Since the 1960s

Typically denotes a reference point in discussions about social, cultural, or technological changes that started or were significantly noticeable from the 1960s onward.

Gender Boundary Crossing

The act or process of individuals breaking or challenging the conventional distinctions between male and female roles, identities, or practices.

Glass Ceiling

An invisible barrier that prevents certain groups, particularly women and minorities, from advancing beyond a certain level in a hierarchy or organization, despite qualifications or achievements.