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Graph of TB 8; TC from Hours Working: The graph below measures the benets and costs from working, from the perspective of a worker. The
Graph of TB 8; TC from Hours Working: The graph below measures the benets and costs from working, from the perspective of a worker. The variable 0 stands for the number of hours the worker works, such that the horizontal axis measures the hours of work per week. On the assumption that theyr can choose their hoursr the worker estimates a total benefit [TB] from working according to the equation, T5 = 1.1879 . {The value "1.18?" might be interpreted as the hourly wage paid to the worker.) The worker estimates their total cost from working with the equation, T0 = Qf.301)+Q:(0.029) . (The T0 of each 0 might be interpreted as including the displeasure of eort and exertion from working 0 hours.) It can be assumed that TC> TB for all hours beyond point B (30.55). Reference: TB 8' TC of Working For the question below, use the following table in conjunction with the Figure: Graph of TB & T0 of Hours Working. Point 0 TE! TC NB MC | 7.63? 9.065 C 15.28 11.370 6.?6? 1.18? F 22.91 B 30.55 36.260 2.0T3 Using the equations for TB and TC, the N8 of 22.91 hours of working is estimated to be _. (The answer may be rounded to the nearest thousandth.) (3' A. 3.990 (3' B. 0 C- C. 616? C- D. 5.0TO
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