$30.4$ Hairstyling Appointments and Revenues Table 30

Question 14

Question 14

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 $30.4$
Hairstyling Appointments and Revenues 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 physical product of the fourth hairstylist?

A) 5,400.
B) 90.
C) 22.5.
D) 0.

Correct Answer:

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