Barb's Bakery usually closes on Sundays at 2PM. They are debating whether to extend their hours. Barb would have to hire 2 workers for those extra hours at a wage of $15 per hour for each worker. On average, she also incurs other cost that is 33% of revenue. The table below shows the forecasted revenue they'll make for the extra hours they open. For example: after 1 extra hour, their Forecasted Revenue will be $132; after 2 extra hours, their Forecasted Revenue will be $195; etc. Using Marginal Analysis, how many extra hour(s) should Barb's Bakery stay open for? Extra Hour(s) Forecasted Revenue $132 $195 $245 Open 1 2 3 4 5 6 7 Select one: O a.1 $289 $328 $364 $398

Barb's Bakery usually closes on Sundays at 2PM. They are debating whether to extend their hours. Barb would have to hire 2 workers for those extra hours at a wage of $15 per hour for each worker. On average, she also incurs other cost that is 33% of revenue. The table below shows the forecasted revenue they'll make for the extra hours they open. For example: after 1 extra hour, their Forecasted Revenue will be $132; after 2 extra hours, their Forecasted Revenue will be $195; etc. Using Marginal Analysis, how many extra hour(s) should Barb's Bakery stay open for? Extra Hour(s) Forecasted Revenue $132 $195 $245 Open 1 2 3 4 5 6 7 Select one: O a.1 $289 $328 $364 $398

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter2: Mathematics For Microeconomics

Section: Chapter Questions

Problem 2.16P

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