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Author Question: Quantity of Labor Total Product (gymnasts trained per hour) A0B17C213D317E419F520 The table above ... (Read 483 times)

captainjonesify

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


The table above shows information for Jen's Gymnastics. Jen hires coaches and charges $20 per hour for gymnastics lessons. Using the information in the table, which of the following shows the correct demand for labor for Jen's Gymnastics?

Quantity of LaborValue of Marginal Product
1$140
2$120
3$80
4$40
5$20

Quantity of LaborValue of Marginal Product
17
26
34
42
51

Quantity of LaborValue of Marginal Product
17
213
317
419
520

Quantity of LaborValue of Marginal Product
1$140
2$260
3$340
4$380
5$400

Quantity of LaborValue of Marginal Product
1$0
2$20
3$40
4$60
5$80


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Marked as best answer by captainjonesify on May 24, 2019

yifu223

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