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:

Subpoena

A written court order that is addressed to a specific person and requires that person’s presence in court on a specific date at a specific time.

Certified Letter

A mail service providing the sender with a mailing receipt and the delivery record is maintained by the postal authority.

Durable Power of Attorney

A legal document granting someone authority to act on another's behalf in legal and financial matters, even if the grantor becomes incapacitated.

Morality

Principles or standards determining which actions are right or wrong, often based on societal, cultural, or personal beliefs.