Thuy Anh runs a small flower shop in the town of Florabunda. She is debating whether she should extend her hours of operation. Thuy Anh figures that her sales revenue will depend on the number of extra hours the flower shop is open as shown in the table to the right. She would have to hire a worker for those extra hours at a wage rate of $16 per hour. Using marginal analysis. by how many hours should Thuy Anh extend her flower shop's hours of operations? Extra Hours Open Total Revenue (dollars) $25 1 2 3 4 5 6 45 70 90 105 110

Thuy Anh runs a small flower shop in the town of Florabunda. She is debating whether she should extend her hours of operation. Thuy Anh figures that her sales revenue will depend on the number of extra hours the flower shop is open as shown in the table to the right. She would have to hire a worker for those extra hours at a wage rate of $16 per hour. Using marginal analysis. by how many hours should Thuy Anh extend her flower shop's hours of operations? Extra Hours Open Total Revenue (dollars) $25 1 2 3 4 5 6 45 70 90 105 110

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter16: Labor Markets

Section: Chapter Questions

Problem 16.10P

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