Table 2.2 -Julianne Runs a Business and Needs to Decide How Many

question 5

Multiple Choice

Table 2.2
-Julianne runs a business and needs to decide how many hours to stay open.Table 2.2 illustrates her marginal costs of staying open for each additional hour.Suppose that Julianne's marginal benefit of staying open per hour is $16.If she is following the marginal principle,how many hours should Julianne stay open?

• A) 3 hours
• B) 4 hours
• C) 5 hours
• D) 7 hours

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Definitions:

Union Density

The number of union members in a given location and time as a percentage of nonfarm workers. It measures the organizational power of unions.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness and interdependence among global societies.

Union Density

The proportion of a workforce that is a member of a labor union, often used as an indicator of the strength and presence of organized labor within a sector or economy.

Big Strikes

Significant labor strikes involving a large number of workers, often having a wide impact on industries or economies.