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-Refer to Table 3

Question 3

Multiple Choice

-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.You currently earn $25 per hour at your part-time job.Now suppose that an increase in demand for rental housing increases rent by $50 per month.How many additional hours will you spend maintaining the lawn of the rental home? A) 4 B) 8 C) 12 D) 0
-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.You currently earn $25 per hour at your part-time job.Now suppose that an increase in demand for rental housing increases rent by $50 per month.How many additional hours will you spend maintaining the lawn of the rental home?


A) 4
B) 8
C) 12
D) 0

Correct Answer:

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