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 392 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
YES! Correct, THANKS for helping me on my review

phuda

  • Member
  • Posts: 348
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Effect of antidiuretic hormone deficiency. Effect of antidiuretic hormone deficiency.
A close relationship between greenhouse gas emissions and a country’s gross domestic product A close relationship between greenhouse gas emissions and a country’s gross domestic product
The Effect of Using a Ratio Scale The Effect of Using a Ratio Scale
The Serial-Position Effect The Serial-Position Effect
Effect of dietary fats on high- and low-density cholesterol levels Effect of dietary fats on high- and low-density cholesterol levels
How to factor completely How to factor completely
Video: Introduction to Dysrhythmia

For a complete list of videos, visit our video library