-Refer to Table 3

question 31

Multiple Choice

-Refer to Table 3.2,which shows some costs and benefits of having your car repaired.Suppose you use your car to deliver pizzas,for which you earn $10 per hour.If your mechanic lowers the amount she charges by $50,what happens to your best choice of hours to spend on car repairs?

• A) It increases by 1 hour
• B) It decreases by 1 hour
• C) It doesn't change
• D) It decreases by 2 hours

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Definitions:

Entrepreneurial Experimentation

The act of trying out new ideas, products, or business models to learn and adapt in an entrepreneurial context, often involving risks.

Fear of Failure

The apprehension of falling short of one’s goals, which can deter individuals from taking risks or pursuing certain opportunities.

Prototype

An early model or release of a product used to test a concept or process or to act as a thing to be replicated or learned from.

Insulin Injection

A medical procedure where insulin is injected into the body to help manage blood sugar levels in people with diabetes.