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Author Question: Quantity of Labor Total Product (gymnasts trained per hour) A0B17C213D317E419F520 The table shows ... (Read 851 times)

mmm

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on: May 24, 2019
​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. Jen's Gym pays coaches $30 per hour. The table shows that Jen's Gym will hire ________ coaches because ________.
◦ any number less than 5; the marginal product stops increasing with the fifth coach
◦ 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
◦ 1; the value of marginal product is the highest
◦ 5; the marginal product is at its maximum
◦ 5; total product reaches its maximum
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by mmm on May 24, 2019

dpost18

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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bklynroc

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Reply #2 on: May 9, 2021
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