A Store Remains Open from 8 A

question 71

Multiple Choice

A store remains open from 8 a.m. to 4 p.m. each weekday. The store owner is deciding whether to stay open an extra hour each evening. The owner's marginal benefit

• A) must be greater than or equal to the owner's marginal cost if the owner decides to stay open.
• B) is the benefit the owner receives from staying open from 8 a.m. to 5 pm.
• C) is the benefit the owner receives from staying open from 8 a.m. to 6 pm.
• D) depends on the revenues the owner makes during the day.

---

Definitions:

Health Care Spending

The total amount of money spent on health care services and products in a country or region within a specified period.

Private Health Insurance

Health insurance coverage provided by private entities rather than the government to cover medical expenses.

Wage Controls

Governmental policies or regulations aimed at setting or capping the levels of wages within an economy.