Table 9.3 Julie plans to start a pet-sitting service.She surveyed her neighbourhood to determine the demand for this service.Assume that each person surveyed demands only one hour of pet sitting services per period.Table 9.3 above shows a portion of her survey results.
-Refer to Table 9.3.If Julie charges $10 per hour, how many hours of pet sitting services will be purchased and by whom?
A)2 hours (1 hour by Cara and 1 hour by Dawn)
B)1 hour by Cara only
C)1 hour by Dawn only
D)3 hours (1 hour each by Arun, Bernice and Cara)

Question

Table 9.3  Julie plans to start a pet-sitting service.She surveyed her neighbourhood to determine the demand for this service.Assume that each person surveyed demands only one hour of pet sitting services per period.Table 9.3 above shows a portion of her survey results.
-Refer to Table 9.3.If Julie charges $10 per hour, how many hours of pet sitting services will be purchased and by whom?
A)2 hours (1 hour by Cara and 1 hour by Dawn) 
B)1 hour by Cara only 
C)1 hour by Dawn only 
D)3 hours (1 hour each by Arun, Bernice and Cara)

Quizplus · Accepted Answer

At a charge of $10 per hour, only Cara and Dawn are willing to purchase pet sitting services, each purchasing 1 hour, as their maximum willingness to pay is at or above $10.

Table 93 Julie Plans to Start a Pet-Sitting Service