Figure 2.4 -Joe Runs a Business and Needs to Decide How Many

question 116

Multiple Choice

Figure 2.4
-Joe runs a business and needs to decide how many hours to stay open.Figure 2.4 illustrates his marginal benefit of staying open for each additional hour.Suppose that Joe's marginal cost of staying open per hour is $24.How many hours should Joe stay open?

• A) 3 hours
• B) 4 hours
• C) 5 hours
• D) 6 hours

---

Definitions:

Investment Inventory

A list or record of all investments held by an individual or company, including stocks, bonds, and other assets.