Table 1-3
Ivan runs a custom jewelry shop in Sparkle City.He is debating whether he should extend his hours of operation.Ivan figures that his sales revenue will depend on the number of additional hours the jewelry shop is open as shown in the table above.He would have to hire a worker for those hours at a wage rate of $25 per hour.
-Refer to Table 1-3.What is Ivan's marginal benefit if he decides to stay open for six hours instead of five hours?
A)$10
B)$20
C)$30
D)$91.67

Question

Table 1-3
  Ivan runs a custom jewelry shop in Sparkle City.He is debating whether he should extend his hours of operation.Ivan figures that his sales revenue will depend on the number of additional hours the jewelry shop is open as shown in the table above.He would have to hire a worker for those hours at a wage rate of $25 per hour.
-Refer to Table 1-3.What is Ivan's marginal benefit if he decides to stay open for six hours instead of five hours?
A)$10 
B)$20 
C)$30 
D)$91.67

Quizplus · Accepted Answer

The marginal benefit is the additional benefit received from staying open for one more hour, which is $20 in this case.

Table 1-3 Ivan Runs a Custom Jewelry Shop in Sparkle