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4 weeks ago


Joe runs a business and needs to decide how many hours to stay open. Figure 2.2 illustrates his marginal benefit of staying open for each additional hour. Suppose that Joe's marginal cost of staying open per hour is $24. How many hours should Joe stay open?

▸ 3 hours

▸ 4 hours

▸ 5 hours

▸ 6 hours
Textbook 
Microeconomics: Principles, Applications, and Tools
Edition: 8th
Authors:
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wrote...
4 weeks ago
6 hours
wrote...
4 weeks ago
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