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Author Question: Marginal AnalysisYou own a record store and would like to maximize profit. The table shows the total ... (Read 449 times)

madimontg

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on: Nov 23, 2022
Marginal Analysis

You own a record store and would like to maximize profit. The table shows the total revenue and the total cost for the total hours in which you keep the store open. How many hours should you keep the shop open?
Hours OpenTotal RevenueTotal Cost
000
101,563​331​
152,622​932​
253,406​1,716​
404,081​2,763​
604,337​78.4​

◦ 15 hours
◦ 40 hours
◦ 60 hours
◦ 25 hours
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by madimontg on Nov 23, 2022

DevinBrifm

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Reply #1 on: Nov 23, 2022
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Only 64% of students answer this correctly

When you observe that the full time is nearing, increase that to your grocery list. navigate to these guys

madimontg

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Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

EAN94

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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