Table 93 Julie Plans to Start a Pet-Sitting Service

question 229

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.How many hours will be purchased and what is her total revenue?

• A)5 hours; total revenue = $35
• B)4 hours; total revenue = $28
• C)3 hours; total revenue = $21
• D)2 hours; total revenue = $14

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A state of receiving inadequate nutrients from the diet, leading to health problems.

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A statistical measure that describes the extent to which two variables change together, but does not imply cause-and-effect.

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Numeric values derived from standardized assessments intended to measure human intelligence and cognitive abilities.

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