Question: Ralph runs a small bakery in D.C. He is debating whether he should extend his hours of operation. He figures that his sales revenue
Ralph runs a small bakery in D.C. He is debating whether he should extend his hours of operation. He figures that his sales revenue will depend on the number of hours the bakery is open. This detail is shown below. Hours Open Onone of the above O 2 hours 3 hours 1 2 3 4 5 6 The hourly wage is $12/hour. How many hours should he stay open? O4 hours O 5 hours Revenue ($) 35 60 80 92 100 105 Marginal Revenue ($) Marginal Costs ($)
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