Table 11
Table $1.1$ Sergio Tutors Fellow Students For $\$ 10$

question 194

Multiple Choice

Table 1.1
Table $1.1$
$\begin{array}{|l|l|}\hline \text { Hours } & \text { Revenue } \\\hline 1 & \$ 10 \\\hline 2 & \$ 20 \\\hline 3 & \$ 30 \\\hline 4 & \$ 40 \\\hline 5 & \$ 50 \\\hline\end{array}$
Sergio tutors fellow students for $\$ 10$ an hour.
-Refer to Table 1.1. Sergio hires an assistant for $5 per hour. What is his marginal cost if he tutors 5 hours a week and also pays his assistant?

• A) $25
• B) $20
• C) $15
• D) $10
• E) $5

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Definitions:

Domestic Sellers

Domestic sellers refer to businesses or individuals that sell goods or services within their own country.

Domestic Buyers

Individuals or entities within a country that purchase goods or services from sources within the same country.

Tariff

A tax imposed by a government on imports or exports of goods, often used to protect domestic industries or generate revenue.

Quantity of Imports

The total amount of goods and services brought into a country from abroad for domestic consumption.