Figure 2.4 -Joe Runs a Business and Needs to Decide How Many

question 136

Multiple Choice

Figure 2.4
-Joe runs a business and needs to decide how many hours to stay open.Figure 2.4 illustrates his marginal benefit of staying open for each additional hour.Suppose that we observe Joe staying open 4 hours per day.If he is following the marginal principle,what must his marginal cost be?

• A) $16
• B) $24
• C) $32
• D) $40

---

Definitions:

External Acoustic Meatus

The canal leading from the outer ear to the eardrum, facilitating the conduction of sound waves.

Bony Labyrinth

The rigid, bone-encased passageways in the inner ear that are filled with fluid and contain structures essential for hearing and balance.

Tympanic Cavity

The air-filled space in the middle ear that contains the auditory ossicles, crucial for the transmission of sound vibrations.

Middle Ear

The air-filled space located between the eardrum and inner ear containing three small bones that transmit sound vibrations.