Examlex

Solved

-Julianne Runs a Business and Needs to Decide How Many

question 49

Multiple Choice

-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 3 hours per day. If she is following the marginal principle, what must her marginal benefit be? A) $16 B) $24 C) $18 D) $12
-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 3 hours per day. If she is following the marginal principle, what must her marginal benefit be?

Definitions:

Related Questions

Q66: The notion of opportunity cost allows the

Q72: Explain why the supply of foreign currency

Q73: The opportunity cost of getting a master's

Q115: The market supply curve is:<br>A) upward sloping

Q128: If the production possibilities curve is drawn

Q148: The droughts in Australia resulted in an

Q203: Import bans, import quotas, voluntary export restraints,

Q227: Hurricane Katrina in 2005 caused housing prices

Q228: The drought in Australia has caused a

Q240: Figure 4.6 illustrates a set of supply