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Table 93 Julie Plans to Start a Pet-Sitting Service

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Table 9.3 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. 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?

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Blood Glucose

The concentration of glucose in the blood, which is a primary energy source for the body's cells and a crucial indicator of metabolic health.

Smoking

The inhalation and exhalation of the smoke produced by burning tobacco in cigarettes, pipes, or cigars, which is a major risk factor for numerous health conditions.

Onset

The beginning or start of something, often referring to the appearance of symptoms of a disease or condition.

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