$30.2$ Hairstyling Appointments and Revenues Table 30

Question 138

Question 138

Multiple Choice

Number of stylist (per week)	total output(per week)	marginal physical product (output per stylist)	total revenue(dollars per week)	marginal revenue product (dollars per stylist)
0	0	......	$0	........
1	60	______	______	______
2	80	______	______	______
3	90	______	______	______
4	90	______	______	______

Table $30.2$
Hairstyling Appointments and Revenues 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.What is the marginal revenue product of the second hairstylist?

A) $80 per week.
B) $1,200 per week.
C) $20 per week.
D) $4,800 per week.

Correct Answer:

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