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Author Question: Quantity of Labor Total Product (gymnasts trained per hour) A0B17C213D317E419F520 The table shows ... (Read 140 times)

Mollykgkg

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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's hires coaches and can charge $20 per hour for gymnastics. If the demand for Jen's Gymnastics coaching services increases and the price for coaching increases, Jen
◦ will hire more coaches because the value of marginal product has increased.
◦ will hire fewer coaches because the higher price will decrease the number of gymnasts trained.
◦ will hire fewer coaches in order to make a higher profit.
◦ will hire more coaches because there will be movement up along the demand for labor curve.
◦ may hire more or fewer coaches depending on how the higher price of lessons affects the business.


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Marked as best answer by Mollykgkg on May 24, 2019

pikon

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pikon

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