Suppose Bob has a part-time business washing cars.He has washed nine cars on a given day;the marginal benefit of washing the tenth car is $20 and the marginal cost is $12.Bob should:

Name: Suppose Bob has a part-time business washing cars.He has washed nine cars on a given day;the marginal benefit of washing the tenth car is $20 and the marginal cost is $12.Bob should:
Brand: Quizplus
Rating: 4.9 (48 reviews)

Question

Quizplus · Accepted Answer

The marginal benefit of washing the tenth car is greater than the marginal cost, so Bob should wash the car to maximize his profit.

Suppose Bob Has a Part-Time Business Washing Cars