8 881 84 TR 9:35-11:00 (Fall 2018) Homework: Chapter 3 (Copy) Score: 0 of 1 pt T

Question

8 881 84 TR 9:35-11:00 (Fall 2018) Homework: Chapter 3 (Copy) Score: 0 of 1 pt Text Problem 2 xingchi zhou& 9/24/18 9:40 PM 12 of 18 (10 complete) HW Score: 33 3396, 6 of 18 pts Hep You are hired as a consultant for a local restaurant It is considering whether to close at 9:00 p.m, stay open an extra hour (10:00 p m.), or close earlier (800 p m) Based on wages and utility bills, the added cost (the marginal cost) of staying open for each additional hour is $421 If the additional revenue (the marginal revenue) during the last hour is $451, the proft earmed during the last hour of operation will be S Enter your answer in the answer box and then click Check 2 Pemaining

Explanation / Answer

Profit earned during the last hour = Total revenue - Total cost

= 451 - 421 = $ 30

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