Robin Owns a Horse Stables and Riding Academy and Gives

question 288

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 $250 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:

Physical Symptoms

Observable signs or indications of a medical condition or disease.

Withdrawal

Adverse physiological reactions exhibited when a drug-dependent person stops using that drug; the withdrawal symptoms are typically unpleasant and opposite to the drug’s effects.

Cirrhosis

A chronic liver disease marked by degeneration of cells, inflammation, and fibrous thickening of tissue, which can lead to liver failure.

Scar Tissue

Fibrous tissue that forms during the wound healing process, replacing normal skin or tissue that has been damaged.