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Assume That It Will Cost a Plumber an Additional $35,000

question 48

Essay

Assume that it will cost a plumber an additional $35,000 each year by keeping her shop open for one additional hour per week.What must the additional revenue from keeping the shop open this additional hour per week be to make staying open for the extra hour economically rational?


Definitions:

Trochlear

Refers to the fourth cranial nerve that controls the superior oblique muscle of the eye, aiding in rotational movement.

Facial

Relating to the face, or to the facial nerve which controls muscles of expression, taste sensation, and more.

Auditory Tube

A tube that connects the middle ear to the back of the nose, helping equalize pressure in the ear; also known as the Eustachian tube.

Semicircular Canals

Three fluid-filled tubes in the inner ear that help maintain balance by sensing rotation of the head.

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