John is trying to decide how to divide his time between his job as a stocker in the local grocery store, which pays $7 per hour for as many hours as he chooses to work, and cleaning windows for the businesses downtown. He makes $2 for every window he cleans. John is indifferent between the two tasks, and the number of windows he can clean depends on how many hours he spends cleaning in a day, as shown in the table below: What is the lowest price per window that John would be willing to accept to spend 4 hours per day cleaning windows?
A) $7
B) $2
C) $3.50
D) $11
Correct Answer:
Verified
Q5: A rational seller will sell another unit
Q7: A seller's supply curve shows the seller's:
A)willingness
Q9: John is trying to decide how
Q10: For a single seller, the figure below
Q11: Your neighbors have offered to pay you
Q13: John is trying to decide how
Q15: For a given seller, the figure below
Q17: John is trying to decide how
Q18: As the market price of a service
Q19: For a given seller, the below above
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