Multiple Choice
Table 1-1
Lydia runs a small nail salon in the town of New Hope. She is debating whether she should extend her hours of operation. Lydia figures that her sales revenue will depend on the number of hours the nail salon is open as shown in the table above. She would have to hire a worker for those hours at a wage rate of $10 per hour.
-Refer to Table 1-1. What is Lydia's marginal cost if she decides to stay open for two hours instead of one hour?
A) $10
B) $20
C) $25
D) $40
Correct Answer:

Verified
Correct Answer:
Verified
Q90: Which of the following is a positive
Q103: In a modern mixed economy, who decides
Q117: Define macroeconomics.
Q125: The term "market" refers only to trading
Q179: Pookie's Pinball Palace restores old Pinball machines.Pookie
Q180: How are the fundamental economic decisions determined
Q188: Cassie's Quilts alters,reconstructs,and restores heirloom quilts.Cassie has
Q196: Which of the following is a positive
Q203: Which of the following generates allocative efficiency
Q213: Holding all other personal characteristics-such as age,