Table 302 Table 302 Shows How Many Hairstyling Appointments a Hair Salon Can

question 4

Multiple Choice

Table 30.2 $$\begin{array} { | c | c | c | c | c | } \hline \begin{array} { c } \text { Nurrber of } \\\text { stylists (per } \\\text { week) }\end{array} & \begin{array} { c } \text { Total output } \\\text { (per week) }\end{array} & \begin{array} { c } \text { Marginal } \\\text { physical } \\\text { product } \\\text { (output per } \\\text { stylist) }\end{array} & \begin{array} { c } \text { Total revenue } \\\text { (dollars per } \\\text { week) }\end{array} & \begin{array} { c } \text { Marginal revenue } \\\text { product (dollars } \\\text { per stylist) }\end{array} \\\hline 0 & \text { c } & \ldots & & \ldots \\\hline 1 & 6 t & & \\\hline 2 & 80 & & \\\hline 3 & 9 d & & \\\hline 4 & 94 & & \\\hline\end{array}$$ Table 30.2 shows how many hairstyling appointments a hair salon can schedule per week based on the number of stylists.In the spaces provided,compute the marginal physical product (MPP) of the hair stylists,total revenue,and marginal revenue product of the stylists,assuming that a hair stylist charges $60 per appointment.In Table 30.2 suppose a hairstylist is paid $700 per week.How many hairstylists should a profit-maximizing salon hire?

• A)1.
• B)2.
• C)3.
• D)4.

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A condition of physiological and psychological activation or readiness, often associated with specific stimuli.

Longitudinal Study

Research in which the same subjects are observed over a period of time to detect changes or developments.

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Conduct that violates social norms and can negatively affect the rights and well-being of others.

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A form of discipline involving the striking of the buttocks with an open hand to correct or control behavior.