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Author Question: Effect of Value of the Marginal Product on Factor DemandA yoga studio is maximizing profit. The ... (Read 469 times)

Katmoss16

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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
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Marked as best answer by Katmoss16 on Nov 23, 2022

kugyo01

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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.
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Katmoss16

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Reply 2 on: Nov 23, 2022
Excellent

Mochi

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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