Table 1.1
Table $1.1$
$\begin{array}{|l|l|}
\hline \text { Hours } & \text { Revenue } \
\hline 1 & \$ 10 \
\hline 2 & \$ 20 \
\hline 3 & \$ 30 \
\hline 4 & \$ 40 \
\hline 5 & \$ 50 \
\hline
\end{array}$
Sergio tutors fellow students for $\$ 10$ an hour.
-Refer to Table 1.1. Sergio hires an assistant for $5 per hour. What is his marginal cost if he tutors 1 hour a week and also pays his assistant?
A) $25
B) $20
C) $15
D) $10
E) $5

Question

Table 1.1
 Table $1.1$
$\begin{array}{|l|l|}
\hline \text { Hours } & \text { Revenue } \
\hline 1 & \$ 10 \
\hline 2 & \$ 20 \
\hline 3 & \$ 30 \
\hline 4 & \$ 40 \
\hline 5 & \$ 50 \
\hline
\end{array}$
Sergio tutors fellow students for $\$ 10$ an hour.
-Refer to Table 1.1. Sergio hires an assistant for $5 per hour. What is his marginal cost if he tutors 1 hour a week and also pays his assistant?
A) $25
B) $20
C) $15
D) $10
E) $5

Quizplus · Accepted Answer

The marginal cost of hiring the assistant for 1 hour is $5, as Sergio pays the assistant $5 per hour.

Table 11 Table 1.11.11.1 Sergio Tutors Fellow Students For $10\$ 10$10

Table 11
Table $1.1$ Sergio Tutors Fellow Students For $\$ 10$