This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Effect of Value of the Marginal Product on Factor DemandA yoga studio is maximizing profit. The ... (Read 52 times)

Katmoss16

  • Full Member
  • ***
  • Posts: 156
on: Nov 23, 2022
Effect of Value of the Marginal Product on Factor Demand

A yoga studio is maximizing profit. The price of a class is $20, a yoga instructor's wage rate is $65 per class, and the studio employs 4 workers. What is the marginal product of the fourth worker? When the price of a class rises to $60, the studio hires 7 workers, what is the marginal product of the seventh worker?
◦ 0.31, 0.92
◦ 0.31, 1.08
◦ 3.25, 0.92
◦ 3.25, 1.08
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Katmoss16 on Nov 23, 2022

kugyo01

  • Full Member
  • ***
  • Posts: 156
Reply #1 on: Nov 23, 2022
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.
Answer Preview
Only 42% of students answer this correctly


Katmoss16

  • Member
  • Posts: 156
Reply 2 on: Nov 23, 2022
:D TYSM

cdmart10

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Mendel's analyses of single-factor crosses Mendel's analyses of single-factor crosses
Single-dose drug administration: pharmacokinetic values for this drug are as follows: onset of actio Single-dose drug administration: pharmacokinetic values for this drug are as follows: onset of actio
Is the principle of cause and effect unfounded? Is the principle of cause and effect unfounded?
How to factor and solve quadratic trinomials (Part 1) How to factor and solve quadratic trinomials (Part 1)
A company that sells sweatshirts finds that the profit can be modelled by P(s)= ... A company that sells sweatshirts finds that the profit can be modelled by P(s)= ...
Find derivative using product rule Find derivative using product rule
Video: How a Urinalysis is Performed

For a complete list of videos, visit our video library