The accompanying table shows how total donations, average donations, total labor costs, and average labor costs vary depending on the number of employees State U hires for its fundraising activities: Number of Employees Total DonationsAverage Donations Total Labor CostsAverage Labor Costs 1 2 $ 30,000 42,426 $8,000 3 $ 17,321 $ 17,000 27,000 4 60,000 9,500 5 13,416 50,000 The net benefit of hiring fundraisers is largest when _ employees are hired. Select one: a. 1 b. 2 c. 3 d. 4

The accompanying table shows how total donations, average donations, total labor costs, and average labor costs vary depending on the number of employees State U hires for its fundraising activities: Number of Employees Total DonationsAverage Donations Total Labor CostsAverage Labor Costs 1 2 $ 30,000 42,426 $8,000 3 $ 17,321 $ 17,000 27,000 4 60,000 9,500 5 13,416 50,000 The net benefit of hiring fundraisers is largest when _ employees are hired. Select one: a. 1 b. 2 c. 3 d. 4

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The accompanying table shows how total donations, average donations, total labor costs, and average labor costs vary depending on the number of
employees State U hires for its fundraising activities:
Number of Employees Total DonationsAverage Donations Total Labor CostsAverage Labor Costs
1
2
$ 30,000
42,426
$ 8,000
3
$ 17,321
$ 17,000
27,000
4
60,000
9,500
5
13,416
50,000
The net benefit of hiring fundraisers is largest when
employees are hired.
Select one:
a. 1
b. 2
c. 3
d. 4

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