Suppose That You Can Hire Your Mechanic for Up to Six

question 24

Multiple Choice

Suppose that you can hire your mechanic for up to six hours.The total benefit and total cost functions are B(H) = 300H - 20H² and C(H) = 55H + 60H².The corresponding formulas for marginal benefit and marginal cost are MB(H) = 300 - 40H and MC(H) = 55 + 120H.How many hours should you hire your mechanic?

• A) 1.53 Hours
• B) 0.65 Hours
• C) 6 Hours
• D) 0 Hours

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Definitions:

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Explanation that provides a significant amount of understanding or clarity on a subject or phenomenon.

Truth

Truth is the property of being in accord with fact or reality, often considered as objective, universal, or corresponding to actual states of affairs.

Two-World Assumption

The belief in a distinct separation between the tangible, empirical world and an intangible, often spiritual or theoretical world.

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