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Author Question: Quantity of Labor Total Product (gymnasts trained per hour) A0B17C213D317E419F520 The table shows ... (Read 888 times)

mikaylakyoung

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Quantity of
Labor      
Total Product    
(gymnasts trained per hour)  
A0
B17
C213
D317
E419
F520


The table shows information for Jen's Gymnastics. Jen hires coaches and can charge $20 per hour for gymnastics lessons. The value of marginal product for the second coach is ________ because ________.
◦ 13; 2 coaches can train 13 gymnasts
◦ 6; the second coach can train an extra 6 gymnasts
◦ $120; the second coach's marginal product is 6 gymnasts and lessons cost $20
◦ $260; the first two coaches can earn $20 for each of the 13 gymnasts
◦ $40; each coach can charge $20 per student


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Marked as best answer by mikaylakyoung on May 24, 2019

mcomstock09

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