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

question 69

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.What is Ivan's marginal cost if he decides to stay open for six hours instead of five hours?

• A)$10
• B)$20
• C)$25
• D)$91.67

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Definitions:

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors, driving individuals to pursue and achieve goals.

Self-Efficacy Theory

A psychological concept which posits that individuals' belief in their ability to perform tasks influences their actions and successes.

Motivated

Having a strong willingness or enthusiasm to do something.

Goal Specificity

The clarity and precision with which a goal is defined, impacting its measurability and the ability to achieve it.