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 461 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
Excellent

ryhom

  • Member
  • Posts: 366
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Effect of the chemical environment on pKa Effect of the chemical environment on pKa
Rivers Are a Product of Their Watersheds Rivers Are a Product of Their Watersheds
Doppler Effect, Observer Moving Doppler Effect, Observer Moving
Effect of Landfall Effect of Landfall
Effect of Shifting Labor into R&D Effect of Shifting Labor into R&D
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Video: Bond in biological molecules (Ionic, Covalent and Hydrogen bonds)/ How atoms bond?

For a complete list of videos, visit our video library