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Consider the following statements: a. Car owners purchase more gasoline from a gas station that sells gasoline at a lower price, than other rival gas

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Consider the following statements: a. Car owners purchase more gasoline from a gas station that sells gasoline at a lower price, than other rival gas stations in the area b. Banks do not take steps to increase security since they believe it is less costly to allow some bank robberies rather than install expensive security monitoring equipment c. Firms produce more of a particular DVD when its selling price rises Which of the above statements demonstrates that economic agents respond to incentives? O a only O only O conly O a, b, and O a and points Table 1-1 Hours Open 1 2 3 4 5 6 Total Revenue (Dollars) US$35 60 80 92 100 105 Huda runs a small bakery in the city of Al-ain. She is debating whether she should extend her hours of operation, Huda figures that her sales revenue will depend on the number of hours the bakery is open as shown in the table above. She would have to hire a worker for those hours at a wage rate of US$12 per hour Refer to Toble 1-1. What is Huda's marginal benefit if she decides to stay open for two hours instead of one hour? O US$25 O US$36 O US$95 O US$60

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