Table 2.2 -Krystal Runs a Nail Salon and Needs to Decide How

question 106

Multiple Choice

Table 2.2

-Krystal runs a nail salon 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 Krystal's marginal benefit of staying open per hour is $18. If she is following the marginal principle, how many hours should Krystal stay open?

• A) 3 hours
• B) 4 hours
• C) 6 hours
• D) 7 hours

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Definitions:

Popular Front

A broad coalition of different political groups, often including socialists, communists, and liberals, united for a common legislative or political goal.

Radical

Relating to or affecting fundamental nature; advocating for drastic political, economic, or social reforms.

John Maynard Keynes

A British economist whose theories on government intervention in the economy (Keynesian economics) have greatly influenced modern economic and political policies.

Government Expenditures

The money spent by the government in a specific period on public services, infrastructure, defense, welfare, and other areas.