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

question 44

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) $16
• B) $10
• C) $24
• D) $20

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Definitions:

Group Formation

The process by which individuals come together to form a group, often going through various stages of development such as forming, storming, norming, and performing.

Elaboration Principle

A concept in instructional design that emphasizes the importance of detailed and well-explained information to facilitate learning and understanding.

Groups Support

Groups support refers to the assistance and reinforcement provided by group members to each other in order to achieve individual or collective goals.

Embarrassed And Afraid

Feelings of shame, discomfort, and fear often experienced in socially awkward or threatening situations.