Many Stores Are Open 24 Hours a Day

question 104

Multiple Choice

Many stores are open 24 hours a day.When store managers make the decision to stay open 24 hours,it must be the case that

• A) the marginal benefit of staying open all day and the marginal cost to remaining open all day are at least equal.
• B) the marginal benefit of staying open all day must always be greater than the marginal cost to remaining open all day.
• C) the marginal cost of staying open all day must always be greater than the marginal benefit to remaining open all day.
• D) the calculation of marginal benefits or marginal costs of remaining open all day plays no role.
• E) the marginal benefit of remaining open all day is zero.

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Definitions:

Unfunded Liabilities

Obligations or debts that do not have sufficient funds set aside to pay them.

Immediate Benefits

Advantages or positive effects that can be realized quickly after implementing a decision or action.

Political Bias

A preference or inclination that influences judgment or decision-making, favoring or disfavoring certain political parties or ideologies.

Public Bureaucracies

Organizations within the public sector governed by a fixed set of rules and structured hierarchically, tasked with implementing government policies.