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Other Fields Homework Help Economics Topic started by: lstar1993 on Jul 21, 2019



Title: Krystal runs a nail salon and needs to decide how many hours to stay open.
Post by: lstar1993 on Jul 21, 2019
Hours of OperationMarginal Cost
16
212
318
424
530
636
742

Table 2.2


Krystal runs a nail salon and needs to decide how many hours to stay open. Table 2.2 illustrates her marginal costs of staying open for each additional hour. Suppose that Krystal's marginal benefit of staying open per hour is $30. If she is following the marginal principle, how many hours should Krystal stay open?

▸ 4 hours

▸ 5 hours

▸ 6 hours

▸ 7 hours


Title: Krystal runs a nail salon and needs to decide how many hours to stay open.
Post by: dnlee1 on Jul 21, 2019
Content hidden


Title: Krystal runs a nail salon and needs to decide how many hours to stay open.
Post by: banggedung on Jul 21, 2019
Hours of OperationMarginal Cost
16
212
318
424
530
636
742

Table 2.2


Krystal runs a nail salon and needs to decide how many hours to stay open. Table 2.2 illustrates her marginal costs of staying open for each additional hour. Suppose that Krystal's marginal benefit of staying open per hour is $18. If she is following the marginal principle, how many hours should Krystal stay open?

▸ 3 hours

▸ 4 hours

▸ 6 hours

▸ 7 hours


Title: Krystal runs a nail salon and needs to decide how many hours to stay open.
Post by: cuddahy99 on Jul 21, 2019
3 hours


Title: Krystal runs a nail salon and needs to decide how many hours to stay open.
Post by: banggedung on Jul 21, 2019
Brilliant


Title: Krystal runs a nail salon and needs to decide how many hours to stay open.
Post by: Gideon123 on Jul 21, 2019
Hours of OperationMarginal Cost
16
212
318
424
530
636
742

Table 2.2


Krystal runs a nail salon and needs to decide how many hours to stay open. Table 2.2 illustrates her marginal costs of staying open for each additional hour. Suppose that we observe Krystal staying open 4 hours per day. If she is following the marginal principle, what must her marginal benefit be?

▸ $12

▸ $18

▸ $24

▸ $30


Title: Krystal runs a nail salon and needs to decide how many hours to stay open.
Post by: Jacobian Smith on Jul 21, 2019
$24


Title: Krystal runs a nail salon and needs to decide how many hours to stay open.
Post by: melinoma86 on Jul 21, 2019
Hours of OperationMarginal Cost
16
212
318
424
530
636
742

Table 2.2


Krystal runs a nail salon and needs to decide how many hours to stay open. Table 2.2 illustrates her marginal costs of staying open for each additional hour. Suppose that we observe Krystal staying open 2 hours per day. If she is following the marginal principle, what must her marginal benefit be?

▸ $6

▸ $12

▸ $15

▸ $18


Title: Krystal runs a nail salon and needs to decide how many hours to stay open.
Post by: gtur on Jul 21, 2019
$12


Title: Krystal runs a nail salon and needs to decide how many hours to stay open.
Post by: melinoma86 on Jul 21, 2019
I appreciate what you did here, answered it correctly :D


Title: Krystal runs a nail salon and needs to decide how many hours to stay open.
Post by: Hpreet796 on Jul 21, 2019
Hours of OperationMarginal Cost
16
212
318
424
530
636
742

Table 2.2


Krystal runs a nail salon and needs to decide how many hours to stay open. Table 2.2 illustrates her marginal costs of staying open for each additional hour. Suppose that we observe Krystal staying open 5 hours and her marginal benefit of staying open per hour is $18. If she is following the marginal principle, Krystal should:

▸ stay open 2 more hours.

▸ stay open 3 more hours.

▸ stay open 2 fewer hours.

▸ stay open 3 fewer hours.


Title: Krystal runs a nail salon and needs to decide how many hours to stay open.
Post by: tlaster on Jul 21, 2019
stay open 2 fewer hours.


Title: Krystal runs a nail salon and needs to decide how many hours to stay open.
Post by: regina nana on Jul 21, 2019
Hours of OperationMarginal Cost
16
212
318
424
530
636
742

Table 2.2


Krystal runs a nail salon and needs to decide how many hours to stay open. Table 2.2 illustrates her marginal costs of staying open for each additional hour. Suppose that we observe Krystal staying open 5 hours and her marginal benefit of staying open per hour is $36. If she is following the marginal principle, Krystal should:

▸ stay open 1 more hour.

▸ stay open 2 more hours.

▸ stay open 1 fewer hour.

▸ stay open 2 fewer hours.


Title: Krystal runs a nail salon and needs to decide how many hours to stay open.
Post by: Va97001 on Jul 21, 2019
stay open 1 more hour.


Title: Krystal runs a nail salon and needs to decide how many hours to stay open.
Post by: regina nana on Jul 21, 2019
This site is awesome!


Title: Krystal runs a nail salon and needs to decide how many hours to stay open.
Post by: Va97001 on Jul 21, 2019
:) Good luck on the rest