A Barber Currently Cuts Hair for 50 Clients Per Week

question 26

Multiple Choice

A barber currently cuts hair for 50 clients per week and earns a profit.He is considering expanding his operation in order to serve more clients.Should he expand?

• A)Yes,because cutting hair is profitable.
• B)No,because he may not be able to sell more services.
• C)It depends on the marginal cost of serving more clients and the marginal revenue he will earn from serving more clients.
• D)It depends on the average cost of serving more clients and the average revenue he will earn from serving more clients.

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Definitions:

John Quincy Adams

The sixth President of the United States, serving from 1825 to 1829, and played a key role in shaping foreign policy in the early years of the nation.

Congress

The legislative branch of the United States federal government, divided into two chambers: the Senate and the House of Representatives, responsible for making national laws.

William Lloyd Garrison

A prominent American abolitionist, journalist, and social reformer known for founding the anti-slavery newspaper, "The Liberator," and advocating for the immediate emancipation of slaves.

Frederick Douglass

A former enslaved African American who became a prominent abolitionist, author, and orator in the 19th century, advocating for the rights of African Americans and women.