You Own a Pizza Shop Called "Pizzas'R' Us What Is the Dollar Value of Total Production During an Paying

question 120

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. $$\begin{array} { | l | l | } \hline \begin{array} { l } \text { Number of } \\\text { cooks }\end{array} & \begin{array} { l } \text { Total production of } \\\text { pizzas each hour }\end{array} \\\hline 0 & 0 \\\hline 1 & 4 \\\hline 2 & 7 \\\hline 3 & 9 \\\hline 4 & 10 \\\hline 5 & 10 \\\hline\end{array}$$
What is the dollar value of total production during an 8-hour shift if you hire 2 cooks?

• A)$320
• B)$560
• C)$70
• D)$140

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Definitions:

Foreign Firms

Describes companies that are incorporated or headquartered in a country different from where they operate or do a significant portion of their business.

Canadian Companies

Business entities registered, established, or operating under the laws and regulations of Canada.

Conglomerate Merger

Occurs when unrelated enterprises combine, such as Mobil Oil and Montgomery Ward.

Horizontal

Term often used in analysis to indicate a flat or level condition, such as a horizontal merger, which occurs between companies in the same industry.