-The Table Above Shows Information for Jen's Gymnastics B)

question 151

Multiple Choice

$$\begin{array} { | c | c | c | } \hline & \begin{array} { c } \text { Quantity of } \\\text { Labor }\end{array} & \begin{array} { c } \text { Total Product } \\\text { (gymnasts trained per hour) }\end{array} \\\hline \text { A } & 0 & \\\hline \text { B } & 1 & 7 \\\hline \text { C } & 2 & 13 \\\hline \text { D } & 3 & 17 \\\hline \text { E } & 4 & 19 \\\hline \text { F } & 5 & 20 \\\hline\end{array}$$
-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?

• A) \(\begin{array} { | c | c | }
• \hline \text { Quantity of Labor } & \text { Value of Marginal Product } \\
• \hline 1 & \$ 140 \\
• \hline 2 & \$ 120 \\
• \hline 3 & \$ 80 \\
• \hline 4 & \$ 40 \\
• \hline 5 & \$ 20 \\
• \hline
• \end{array}\)
• B) \(\begin{array} { | c | c | }
• \hline \text { Quantity of Labor } & \text { Value of Marginal Product } \\
• \hline 1 & 7 \\
• \hline 2 & 6 \\
• \hline 3 & 4 \\
• \hline 4 & 2 \\
• \hline 5 & 1 \\
• \hline
• \end{array}\)
• C) \(\begin{array} { | c | c | }
• \hline \text { Quantity of Labor } & \text { Value of Marginal Product } \\
• \hline 1 & 7 \\
• \hline 2 & 13 \\
• \hline 3 & 17 \\
• \hline 4 & 19 \\
• \hline 5 & 20 \\
• \hline
• \end{array}\)
• D) \(\begin{array} { | c | c | }
• \hline \text { Quantity of Labor } & \text { Value of Marginal Product } \\
• \hline 1 & \$ 140 \\
• \hline 2 & \$ 260 \\
• \hline 3 & \$ 340 \\
• \hline 4 & \$ 380 \\
• \hline 5 & \$ 400 \\
• \hline
• \end{array}\)
• E) \(\begin{array} { | c | c | }
• \hline \text { Quantity of Labor } & \text { Value of Marginal Product } \\
• \hline 1 & \$ 0 \\
• \hline 2 & \$ 20 \\
• \hline 3 & \$ 40 \\
• \hline 4 & \$ 60 \\
• \hline 5 & \$ 80 \\
• \hline
• \end{array}\)

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