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Author Question: Table 1-3Extra Hours Open Total Revenue (dollars)1 $702 1203 1604 1845 2006 210Santiago runs a comic ... (Read 103 times)

sarasara

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on: Oct 5, 2019

Table 1-3

Extra Hours Open Total Revenue (dollars)
1 $70
2 120
3 160
4 184
5 200
6 210

Santiago runs a comic book store in the town of East Arbor. He is debating whether he should extend his hours of operation. Santiago figures that his sales revenue will depend on the number of extra hours the store is open as shown in the table above. He would have to hire a worker for those extra hours at a wage rate of $18 per hour.



Refer to Table 1-3. Using marginal analysis, by how many hours should Santiago extend his store's hours of operations?


◦

2 hours


◦

3 hours


◦

4 hours


◦

5 hours


◦

6 hours

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Marked as best answer by sarasara on Oct 5, 2019

ansleighelindsey

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Reply #1 on: Oct 5, 2019
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sarasara

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Reply #2 on: Oct 5, 2019
Thank you!


ansleighelindsey

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Reply #3 on: Oct 5, 2019
Always glad to help...


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