Table 16-3 Julie Plans to Start a Pet-Sitting Service. She Surveyed Her

question 26

Multiple Choice

Table 16-3

Julie plans to start a pet-sitting service. She surveyed her neighborhood to determine the demand for this service. Assume that each person surveyed demands only one hour of pet sitting services per period. Table 16-3 above shows a portion of her survey results.
-Refer to Table 16-3.Suppose Julie's marginal cost of providing this service is constant at $7 and she charges $7 per hour.What is her marginal revenue?

• A)It is $7 for the first hour and starts declining thereafter.
• B)It is $7 for the first hour and starts increasing thereafter.
• C)It is constant at $7.
• D)It coincides with the figures in the table; $12 for the first hour, $10 for the second, $9 for the third, and $8 for the fourth.

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Definitions:

Animal Sources

Origins or suppliers of products, substances, or organisms derived from animals, such as food, fibers, or research models.

Intrude

To enter without permission or welcome, often causing disruption or disturbance.

Pathogenic

Referring to an organism or substance capable of causing disease or illness in its host.