1005 PM 100 eztomheducationcom My Academics CalCentral McG

10:05 PM @ 100%). + ezto.mheducation.com My Academics CalCentral McGraw-Hill Connect Connect | Section Home Homework 1 Econ 10OA: TTH 5:00pm Spring 2018 Konstantin ECONOMIcS Homework 1 instructions help | Question 5 (of 12) Save & Exit Submit 5 alue: 25.00 points Refer to Table 3.1. Suppose that you have a house that you rent out. If you keep the lawn maintained, you can charge a higher monthly rent for the house. If your hourly wage rises from $25 to $35, what happens to the number of hours per week you spend maintaining the lawn? Hours Per Week Maintaining Lawn Benefit (Additional Monthly Rent) $0.00 $150.00 $260.00 S330.00 S390.00 $450.00 12 Table 3.1 O They don\'t change O They fall by 12 hours. O They fall by 4 hours. O They fall by 8 hours. References Multiple Choice Difficulty: 3 Hard

Solution

Correct answer is They fall by 8 hours.

Now we would devote only 4 hours ( 4*35 <150)

Previously we were devoting 12 hours ( 12*25<330)