Table 1-1red2.00HoursTotalRevenuetionОрen(dollars)$352.60804.92100105Eva runs a small bakery in the village of Roggerli. She is debating whether she should extend her hours of operation. Eva figures that her salesrevenue will depend on the number of additional hours the bakery is open as shown in the table above. She would have to hire a worker for thosehours at a wage rate of $12 per hour.Refer to Table 1-1. Using marginal analysis, how manyshouldextendIbakery's hours of operationsSelect one:O a. 3 hoursO b. 2 hoursOc. 5 hoursO d. 6 hoursO e. 4 hours

Hours of operation depend on profit-maximizing situation. here we calculate the given by following method given below as;

Answered: Refer to Table 1-1. Using marginal…

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Economics

Refer to Table 1-1. Using marginal analysis, how many hours should Eva extend her bakery's hours of operations? Select one: O a. 3 hours O b. 2 hours Oc. 5 hours O d. 6 hours O e. 4 hours

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Table 1-1
red
2.00
Hours
Total
Revenue
tion
Орen
(dollars)
$35
2.
60
80
4.
92
100
105
Eva runs a small bakery in the village of Roggerli. She is debating whether she should extend her hours of operation. Eva figures that her sales
revenue will depend on the number of additional hours the bakery is open as shown in the table above. She would have to hire a worker for those
hours at a wage rate of $12 per hour.
Refer to Table 1-1. Using marginal analysis, how many
should
extendI
bakery's hours of operations
Select one:
O a. 3 hours
O b. 2 hours
Oc. 5 hours
O d. 6 hours
O e. 4 hours

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