Table 93 Julie Plans to Start a Pet-Sitting Service

question 224

Multiple Choice

Table 9.3 Julie plans to start a pet-sitting service.She surveyed her neighbourhood to determine the demand for this service.Assume that each person surveyed demands only one hour of pet sitting services per period.Table 9.3 above shows a portion of her survey results.
-Refer to Table 9.3.Suppose Julie's marginal cost of providing this service is constant at $7 and she charges $7 per hour.What is her marginal revenue?

• A)It is $7 for the first hour and starts declining thereafter.
• B)It is $7 for the first hour and starts increasing thereafter.
• C)It is constant at $7.
• D)It coincides with the figures in the table; $12 for the first hour, $10 for the second, $9 for the third and $8 for the fourth.

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Definitions:

Resonance Contributors

Different Lewis structures that represent the same molecule and differ only in the distribution of electrons, not the arrangement of atoms.

Bonding Patterns

The arrangement and connectivity of atoms within a molecule, influencing its geometry and physical properties.

Organic Compound

A compound containing carbon atoms covalently bonded to other elements, typically hydrogen, oxygen, and nitrogen, among others.

Resonance Forms

Resonance forms are alternative Lewis structures for a molecule that illustrate delocalized electrons within the molecule, showing different possible distributions of double bonds and lone pairs.