Table 93 Julie Plans to Start a Pet-Sitting Service

question 259

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 decides to charge each customer according to his or her willingness to pay.What is Julie's total revenue and how many hours of service will be purchased?

• A)4 hours and her total revenue = $39
• B)4 hours and her total revenue = $28
• C)1 hour and her total revenue = $7
• D)5 hours and her total revenue = $35

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Definitions:

Alcoholics Anonymous

A fellowship of individuals who share their experience, strength, and hope with each other to solve their common problem and help others to recover from alcoholism.

Interpersonal Therapy

A form of psychotherapy focused on improving interpersonal relationships and resolving mood disorders by addressing communication patterns and role disputes.

Traditional Behavioral Couple Therapy

A form of therapy focusing on improving relationships through reinforcement strategies and communication training.

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A form of psychotherapy that involves one or more therapists working with several people at the same time, often benefiting participants through shared experiences.