-Julianne runs a business and needs to decide how many hours to stay open. Table 2.2 illustrates her marginal costs of staying open for each additional hour. Suppose that we observe Julianne staying open 3 hours per day. If she is following the marginal principle, what must her marginal benefit be?
A) $16
B) $24
C) $18
D) $12
Correct Answer:
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Q48: Recall Application 5, "The Declining Real Minimum
Q49: Recall Application 1, "Don't Forget the Costs
Q50: The economic reason why some individuals choose
Q51: The opportunity cost of going to college:
A)
Q54: Q55: The extra benefit resulting from a small Q56: The real value of money: Q57: What is the real value of money? Q58: Recall Application 6, "Repaying Student Loans," to Q155:
A) matters less
A)
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