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

question 55

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 Julianne's marginal benefit of staying open per hour is $16. If she is following the marginal principle, how many hours should Julianne stay open?

• A) 3 hours
• B) 5 hours
• C) 4 hours
• D) 7 hours

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Definitions:

Characteristic Pattern

Repeated behaviors or actions that are distinctive and typical of an individual or group.

Extraversion

A personality trait characterized by outgoingness, high energy, sociability, and a tendency to seek stimulation in the company of others.

Aggression

Behavior intended to harm or injure another being, either physically or psychologically.

Thematic Apperception Test

A projective psychological test in which respondents reveal their underlying motives, feelings, and traits through the stories they make up about ambiguous pictures.