Below is a table containing the relationship between a number of trainers working at the new gym (Crossfit by Shawna)and how many clients they can train.These clients represent the output of trainers.Clients pay $40 per session.
a.Find the marginal product of labor (MPL) and the value of the marginal product of labor (VMPL) for each additional trainer hired and record these numbers in the columns provided.
b.Crossfit by Shawna's premier trainers earn $200 an hour.How many trainers will the gym hire?
Definitions:
Barbiturates
A class of drugs used as sedatives and hypnotics, which can depress the central nervous system, leading to various effects from mild sedation to complete anesthesia.
Cocaine
An illicit narcotic with central nervous system stimulant effects, widely abused for its euphoric effects and potential for addiction.
Caffeine
A stimulant commonly found in coffee, tea, and other beverages, known for enhancing alertness and temporarily warding off drowsiness.
Caffeine
A stimulant found in coffee, tea, and various sodas and energy drinks, known for its ability to temporarily ward off drowsiness and restore alertness.
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