Table 1-2 Julius Runs a Small Tailor Shop in the in the City

question 19

Multiple Choice

Table 1-2
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 1-2.What is Julius's marginal benefit if he decides to stay open for three hours instead of two hours?

• A)$15
• B)$25
• C)$65
• D)$80

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Definitions:

Situational Variable

A factor that changes depending on the context or environment, affecting the outcome of studies, behaviors, and performances in different settings.

Managerial Position

A managerial position is a role within an organization that involves overseeing and directing the work of others to achieve specific objectives.

Position Power

The authority or influence bestowed upon an individual by virtue of their role or rank within an organizational hierarchy.

Photo Opportunity Sheet

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