Use the following to answer questions:
-(Table: Tutoring) Look at the table Tutoring. If the college requires all tutors to register with the dean and charges each tutor $10 to register, Sigmund's optimal number of tutoring hours will be:

Question

Use the following to answer questions: 
-(Table: Tutoring) Look at the table Tutoring. If the college requires all tutors to register with the dean and charges each tutor $10 to register, Sigmund's optimal number of tutoring hours will be:

Quizplus · Accepted Answer

Sigmund's optimal number of tutoring hours will be five because the marginal benefit of tutoring is $10 per hour, and the marginal cost of tutoring is $10 per hour. Therefore, Sigmund will tutor until the marginal benefit equals the marginal cost, which occurs at five hours.

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