Table 2.2 -Julianne Runs a Business and Needs to Decide How Many

question 7

Multiple Choice

Table 2.2
-Julianne runs a business and needs to decide how many hours to stay open.Table 2.2 illustrates her marginal costs of staying open for each additional hour.Suppose that we observe Julianne staying open 5 hours per day.If she is following the marginal principle,what must her marginal benefit be?

• A) $10
• B) $16
• C) $20
• D) $24

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Definitions:

Overload

The state of being overwhelmed by too many demands, information, or responsibilities, leading to stress or decreased functioning.

Emil Kraepelin

A German psychiatrist known for his influential work in classifying mental disorders.

DSM

Diagnostic and Statistical Manual of Mental Disorders, a comprehensive classification system of mental disorders used by healthcare professionals.

Reactivity

The extent to which the very presence of an observer affects a person’s behavior.