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

question 16

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 2 hours per day. If she is following the marginal principle, what must her marginal benefit be?

• A) $12
• B) $20
• C) $8
• D) $22

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Definitions:

Nutritional Consumption

The intake and use of food and substances for body growth, health, and maintenance.

Ethnic Gloss

Use of an ethnic label such as African American or Latino in a superficial way that portrays an ethnic group as being more homogeneous than it really is.

Ethnic Label

A term used to identify or categorize individuals based on their ethnicity or cultural heritage.

Homogeneous

Consisting of parts or elements that are all of the same kind; not heterogeneous or mixed.