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Table 302 Table 302 Shows How Many Hairstyling Appointments a Hair Salon Can

Question 110

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Table 30.2  Nurrber of  stylists (per  week)   Total output  (per week)   Marginal  physical  product  (output per  stylist)   Total revenue  (dollars per  week)   Marginal revenue  product (dollars  per stylist)  0 c 16t28039d494\begin{array} { | c | c | c | c | c | } \hline \begin{array} { c } \text { Nurrber of } \\\text { stylists (per } \\\text { week) }\end{array} & \begin{array} { c } \text { Total output } \\\text { (per week) }\end{array} & \begin{array} { c } \text { Marginal } \\\text { physical } \\\text { product } \\\text { (output per } \\\text { stylist) }\end{array} & \begin{array} { c } \text { Total revenue } \\\text { (dollars per } \\\text { week) }\end{array} & \begin{array} { c } \text { Marginal revenue } \\\text { product (dollars } \\\text { per stylist) }\end{array} \\\hline 0 & \text { c } & \ldots & & \ldots \\\hline 1 & 6 t & & \\\hline 2 & 80 & & \\\hline 3 & 9 d & & \\\hline 4 & 94 & & \\\hline\end{array} Table 30.2 shows how many hairstyling appointments a hair salon can schedule per week based on the number of stylists.In the spaces provided,compute the marginal physical product (MPP) of the hair stylists,total revenue,and marginal revenue product of the stylists,assuming that a hair stylist charges $60 per appointment.In Table 30.2,suppose a hairstylist is paid $600 per week.How many hairstylists should a profit-maximizing salon hire?


A) 1.
B) 2.
C) 3.
D) 4.

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