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Ivan runs a custom jewelry shop in Sparkle City. He is debating whether he should extend his hours of operation. Ivan figures that his sales
Ivan runs a custom jewelry shop in Sparkle City. He is debating whether he should extend his hours of operation. Ivan figures that his sales revenue will depend on the number of additional hours his jewelry shop is open as shown in the table above. He would have to hire a worker for those hours at a rate of $25 per hour. Using marginal analysis, how many hours should Ivan extend his hours of operations?
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