Refer to Table 1-2. Using marginal analysis, how many hours should Julius extend his shop's hours of operations?
A) 2 hours
B) 3 hours
C) 4 hours
D) 5 hours
E) 6 hours
Answer: A) 2 hours
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A higher price for a good will cause the budget constraint to rotate toward the origin
a. True b. False Indicate whether the statement is true or false
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