Social Science Clinic => Economics => Microeconomics => Topic started by: mikaylakyoung on May 24, 2019
Title: Quantity of Labor Total Product (gymnasts trained per hour) A0B17C213D317E419F520 The table shows ...
Post by: mikaylakyoung on May 24, 2019
Quantity of Labor
Total Product (gymnasts trained per hour)
A
0
B
1
7
C
2
13
D
3
17
E
4
19
F
5
20
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
Title: Quantity of Labor Total Product (gymnasts trained per hour) A0B17C213D317E419F520 The table shows ...
Post by: mcomstock09 on May 24, 2019
$120; the second coach's marginal product is 6 gymnasts and lessons cost $20
Title: Re: Quantity of Labor Total Product (gymnasts trained per hour) A0B17C213D317E419F520 The table show
Post by: Chris Donohue on May 11, 2020
thank you
Title: Re: Quantity of Labor Total Product (gymnasts trained per hour) A0B17C213D317E419F520 The table show
Post by: Sammy Nice on May 11, 2020
Thank You
Title: Re: Quantity of Labor Total Product (gymnasts trained per hour) A0B17C213D317E419F520 The table show
Post by: Angie Merritt on Dec 14, 2020
Thank you
Title: Re: Quantity of Labor Total Product (gymnasts trained per hour) A0B17C213D317E419F520 The table show
Post by: CHAMP TH13.5 on Mar 8, 2022