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# Krystal runs a nail salon and needs to decide how many hours to stay open.

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Posts: 222
3 weeks ago
 Hours of Operation Marginal Cost 1 6 2 12 3 18 4 24 5 30 6 36 7 42

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 Textbook  Microeconomics: Principles, Applications, and Tools Edition: 8th Authors: O'Sullivan, Sheffrin, Perez Read 297 times 15 Replies Replies Answer verified by a subject expert wrote... Posts: 200 3 weeks ago  Sign in or Sign up in seconds to unlock everything. Related Topics wrote... 3 weeks ago  Hours of Operation Marginal Cost 1 6 2 12 3 18 4 24 5 30 6 36 7 42 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
wrote...
3 weeks ago
 3 hours
wrote...
3 weeks ago
 Brilliant
wrote...
3 weeks ago
 Hours of Operation Marginal Cost 1 6 2 12 3 18 4 24 5 30 6 36 7 42

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
wrote...
3 weeks ago
 $24 wrote... 3 weeks ago  Hours of Operation Marginal Cost 1 6 2 12 3 18 4 24 5 30 6 36 7 42 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 wrote... 3 weeks ago $12
wrote...
3 weeks ago
 I appreciate what you did here, answered it correctly
wrote...
3 weeks ago
 Hours of Operation Marginal Cost 1 6 2 12 3 18 4 24 5 30 6 36 7 42

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. wrote... 3 weeks ago  stay open 2 fewer hours. wrote... 3 weeks ago  Hours of Operation Marginal Cost 1 6 2 12 3 18 4 24 5 30 6 36 7 42 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.
wrote...
3 weeks ago
 stay open 1 more hour.
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