Christopher is a professional tennis player who gives tennis lessons.The industry is competitive.Christopher hires a business consultant to analyze his financial records.The consultant recommends that Christopher give fewer tennis lessons.The consultant must have concluded that Christopher's

Question

Quizplus · Accepted Answer

If the business consultant recommended that Christopher give fewer tennis lessons, it is likely because the marginal cost (the cost of providing an additional tennis lesson) exceeds the marginal revenue (the additional revenue generated by providing an additional tennis lesson). This means that by giving fewer lessons, Christopher can increase his profit by reducing his total costs. Therefore, the correct choice is D, where marginal cost is greater than marginal revenue.

Christopher Is a Professional Tennis Player Who Gives Tennis Lessons