A Barber Currently Cuts Hair for 50 Clients Per Week

question 26

Multiple Choice

A barber currently cuts hair for 50 clients per week and earns a profit.He is considering expanding his operation in order to serve more clients.Should he expand?

• A)Yes,because cutting hair is profitable.
• B)No,because he may not be able to sell more services.
• C)It depends on the marginal cost of serving more clients and the marginal revenue he will earn from serving more clients.
• D)It depends on the average cost of serving more clients and the average revenue he will earn from serving more clients.

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Definitions:

Coccyx

The coccyx, commonly known as the tailbone, is the small, triangular bone at the bottom of the spine, consisting of several fused vertebrae.

Vertebral Column

The flexible column formed by a series of bones called vertebrae, extending from the skull to the pelvis, and playing a key role in support and motion.

Vertebral Column

The series of vertebrae extending from the skull to the lower back, encasing the spinal cord and providing structural support.

Spinal Nerves

Nerves that originate from the spinal cord and branch out to various parts of the body, facilitating communication between the brain and the rest of the body.