Table 1-5 Julius Runs a Small Tailor Shop in the in the City

question 294

Multiple Choice

Table 1-5
Julius runs a small tailor shop in the city of Bloomfield. He is debating whether he should extend his hours of operation. Julius figures that his sales revenue will depend on the number of hours the tailor shop is open as shown in the table above. He would have to hire a worker for those hours at a wage rate of $18 per hour.
-Refer to Table 1-5. Using marginal analysis, determine how many hours should Julius extend his shop's hours of operations?

• A) 2 hours
• B) 3 hours
• C) 4 hours
• D) 5 hours
• E) 6 hours

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Definitions:

Intense Terror

A profound state of fear that overwhelms an individual's sense of security and control.

Panic Disorder

A mental health condition characterized by recurrent and unexpected panic attacks along with ongoing concern about having more attacks.

Intense Terror

A feeling of extreme fear that is overwhelming and can cause paralysis or irrational behavior.

Generalized Anxiety Disorder

A mental health disorder characterized by persistent and excessive worry about a number of different things, impacting daily life.