Multiple Choice
-Table 30.4 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 hairstylists,total revenue,and the marginal revenue product of the stylists,assuming that a hairstylist charges $60 per appointment.In Table 30.4,what is the marginal revenue product of the second hairstylist?
A) $80 per week.
B) $1,200 per week.
C) $20 per week.
Correct Answer:

Verified
Correct Answer:
Verified
Q39: The demand for labor is derived from
Q42: The value of an hour of leisure
Q43: If you have an increasing marginal utility
Q44: For a minimum wage to have any
Q45: If the wage rate increases,there will be
Q46: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5715/.jpg" alt=" -Assume that
Q48: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5715/.jpg" alt=" - In Figure
Q49: If the number of employers for a
Q51: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5715/.jpg" alt=" -Assume that
Q52: As more hours are worked,the marginal utility