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Daniel is a terrible manager. Noticing the low morale and high attrition rate in Daniel’s team, Daniel’s employer forces him to undertake Management-360 training. The following table depicts the total benefits to Daniel’s employer for different hours of training taken:HoursTotal Benefits ($)0011502280339044805540Which of the following price of training is consistent with a choice of 3 hours of training?

Question

Daniel is a terrible manager. Noticing the low morale and high attrition rate in Daniel’s team, Daniel’s employer forces him to undertake Management-360 training. The following table depicts the total benefits to Daniel’s employer for different hours of training taken:HoursTotal Benefits ($)0011502280339044805540Which of the following price of training is consistent with a choice of 3 hours of training?

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Solution

To determine the price of training that is consistent with a choice of 3 hours of training, we need to look at the total benefits for 3 hours of training and compare it to the total benefits for 2 and 4 hours of training.

The total benefit for 3 hours of training is $390.

The total benefit for 2 hours of training is $280.

The total benefit for 4 hours of training is $480.

The difference in total benefits between 2 and 3 hours of training is 390390 - 280 = $110.

The difference in total benefits between 3 and 4 hours of training is 480480 - 390 = $90.

Therefore, the price of training that is consistent with a choice of 3 hours of training should be more than 110(thebenefitofmovingfrom2to3hours)andlessthan110 (the benefit of moving from 2 to 3 hours) and less than 90 (the benefit of moving from 3 to 4 hours).

However, this is not possible as 110isgreaterthan110 is greater than 90.

Therefore, there seems to be a mistake in the question or the data provided as it is not possible to find a price of training that is consistent with a choice of 3 hours of training based on the given data.

This problem has been solved

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