Table 1-6 Ivan Runs a Custom Jewelry Shop in Sparkle

question 424

Multiple Choice

Table 1-6
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 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 1-6. Using marginal analysis, determine 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:

Transformational Leadership

A leadership approach that causes change in individuals and social systems, by creating a vision to guide the change and executing it in a way that inspires followers.

Charismatic

Possessing a charm and appeal that inspires devotion or enthusiasm in others.

Transformational Leadership

A leadership approach that causes change in individuals and social systems, emphasizing vision, inspiration, and intellectual stimulation.

Optimism

A mental attitude characterized by hope and confidence in success and a positive future.