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Author Question: Marginal AnalysisYou own a record store and would like to maximize profit. The table shows the total ... (Read 423 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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madimontg

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Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

aliotak

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Reply 3 on: Yesterday
Wow, this really help

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