Multiple Choice
-The table shows information for Jen's Gymnastics.Jen hires coaches and can charge $20 per hour for gymnastics lessons.Jen's Gym pays coaches $30 per hour.The table shows that Jen's Gym will hire ________ coaches because ________.
A) any number less than 5; the marginal product stops increasing with the fifth coach
B) 4; the gym will earn a profit because the value of marginal profit exceeds the wage rate., but hiring a fifth coach will reduce profit
C) 1; the value of marginal product is the highest
D) 5; the marginal product is at its maximum
E) 5; total product reaches its maximum
Correct Answer:

Verified
Correct Answer:
Verified
Q121: Which of the following is true?<br>A) The
Q122: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The table shows
Q123: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -Refer to the
Q124: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -Kevin owns a
Q125: What is the value of marginal product
Q127: Which of the following represents a derived
Q128: If a firm finds itself at the
Q129: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -Peyton is a
Q130: The demand for labor is derived from
Q131: According to a recent prediction in The