Many Stores Are Open 24 Hours a Day

question 7

Multiple Choice

Many stores are open 24 hours a day.When store managers make the decision to stay open 24 hours,it must be the case that:

• A) the marginal benefit of staying open all day and the marginal cost to remaining open all day are at least equal.
• B) the marginal benefit of staying open all day must always be greater than the marginal cost to remaining open all day.
• C) the marginal cost of staying open all day must always be greater than the marginal benefit to remaining open all day.
• D) the calculation of marginal benefits or marginal costs of remaining open all day play no role.
• E) the marginal benefit of remaining open all day is zero.

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Definitions:

Interference

In legal contexts, actions that improperly obstruct or prevent an activity or process, such as contract performance or business operations.

Rent

The compensation paid to a landlord for the tenant’s right to possession and exclusive use of the premises.

Possession

The act or state of owning, controlling, or having an item or property in one's physical custody.

Exclusive Use

A clause in a lease or agreement granting one party the sole right to use a property, asset, or service in a specified way.