Table 1-5 Julius Runs a Small Tailor Shop in the in the City

question 162

Multiple Choice

Table 1-5
Julius runs a small tailor shop in the city of Bloomfield. He is debating whether he should extend his hours of operation. Julius figures that his sales revenue will depend on the number of additional hours the tailor shop is open as shown in the table above. He would have to hire a worker for those hours at a wage rate of $18 per hour.
-Refer to Table 1-5. What is Julius's marginal cost if he decides to stay open for three hours instead of two hours?

• A) $0
• B) $18
• C) $54
• D) $65

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Definitions:

Comparable Worth

The principle that jobs of equal value to an organization should receive equal pay, regardless of the gender or ethnicity of the person performing the job.

Employment Equity Act

Legislation aimed at promoting fair treatment and eliminating discrimination in the workplace, ensuring equality of opportunity for all employees.

Federal Government

The national government of a federal country that has specific powers accorded by the country's constitution.

Race

A social construct used to categorize humans into large and distinct populations based on physical characteristics, ancestry, historical affiliations, or shared culture.