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

question 174

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

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Definitions:

Uterine Tube

Also known as the fallopian tube, it is a part of the female reproductive system that connects the ovaries to the uterus, allowing the passage of eggs.

Uterus

A female reproductive organ where a fertilized egg implants and develops into a fetus; also known as the womb.

Vagina

A muscular and tubular part of the female genital tract, which extends from the vulva to the cervix and plays significant roles in intercourse, childbirth, and the passage of menstrual flow.

Ovary

A female reproductive organ in which ova or eggs are produced, present in pairs in the female reproductive system.