Robin Owns a Horse Stables and Riding Academy and Gives

question 194

Multiple Choice

Robin owns a horse stables and riding academy and gives riding lessons for children at "pony camp." Her business operates in a competitive industry. Robin gives riding lessons to 20 children per month. Her monthly total revenue is $4,000. The marginal cost of pony camp is $200 per child. In order to maximize profits, Robin should

• A)give riding lessons to more than 20 children per month.
• B)give riding lessons to fewer than 20 children per month.
• C)continue to give riding lessons to 20 children per month.
• D)We do not have enough information to answer the question.

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Definitions:

Inequity

The lack of fairness or justice in situations, especially regarding treatment or distribution of resources.

Self-actualized

The state of realizing and fulfilling one's talents, potential, and capabilities, often considered the peak of personal development.

Intrinsic Motivation

The internal drive to perform an activity for its own sake, deriving pleasure and satisfaction from the activity itself rather than external rewards.

Challenging Job

A job role that demands high levels of skill, effort, and perseverance, often leading to personal and professional growth.