Table 1-1 Lydia Runs a Small Nail Salon in the Town of Salon

question 201

Multiple Choice

Table 1-1

Lydia runs a small nail salon in the town of New Hope. She is debating whether she should extend her hours of operation. Lydia figures that her sales revenue will depend on the number of extra hours the nail salon is open as shown in the table above. She would have to hire a worker for those extra hours at a wage rate of $10 per hour.
-Refer to Table 1-1.What is Lydia's marginal cost if she decides to stay open for an extra two hours instead of one hour?

• A)$10
• B)$20
• C)$25
• D)$40

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Definitions:

Coping Skills

Techniques or strategies that individuals use to manage stress, challenges, or emotional conflict.

Treatment Foster Care

A placement service offering therapeutic foster care for children and adolescents with complex emotional, behavioral, or social needs.

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A form of psychotherapy that aims to address psychological problems by focusing on the interpersonal relationships within the family unit.

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The individuals who contribute their genetic material to the birth of a child.