You Own a Pizza Shop Called "Pizzas'R' Us If You Operate One Hour Every Day,what Is the Marginal

question 62

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. $$\begin{array} { | l | l | } \hline \begin{array} { l } \text { Number of } \\\text { cooks }\end{array} & \begin{array} { l } \text { Total production of } \\\text { pizzas each hour }\end{array} \\\hline 0 & 0 \\\hline 1 & 4 \\\hline 2 & 7 \\\hline 3 & 9 \\\hline 4 & 10 \\\hline 5 & 10 \\\hline\end{array}$$
If you operate one hour every day,what is the marginal benefit of hiring the 3^rd cook?

• A)$10
• B)$20
• C)$30
• D)$40

Understand the importance and responsibilities of department managers concerning compensation systems.

Recognize the necessity for periodic independent wage surveys to ensure competitive compensation.

Grasp the significance of being knowledgeable about current pay scales and benefits packages.

Learn the legal and ethical duties in addressing compensation inequities.

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