Table 1-5 Julius Runs a Small Tailor Shop in the in the City

question 162

Multiple Choice

Table 1-5
Julius runs a small tailor shop in the city of Bloomfield. He is debating whether he should extend his hours of operation. Julius figures that his sales revenue will depend on the number of additional hours the tailor shop is open as shown in the table above. He would have to hire a worker for those hours at a wage rate of $18 per hour.
-Refer to Table 1-5. What is Julius's marginal cost if he decides to stay open for three hours instead of two hours?

• A) $0
• B) $18
• C) $54
• D) $65

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Definitions:

Alcohol

A chemical compound, specifically ethanol in the context of beverages, which is consumed and can alter consciousness or behavior.

Fetal Alcohol Spectrum Disorders

The continuum of physical, mental, and behavioral outcomes caused by prenatal exposure to alcohol.

Thalidomide

A drug initially used for morning sickness in the late 1950s and early 1960s, later found to cause birth defects, leading to greater drug regulation and safety measures.

Morning Sickness

A common symptom of early pregnancy, characterized by nausea and vomiting, primarily occurring in the morning.