The following table contains 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 columns on the table.
b.Crossfit by Shawna's premier trainers earn $200 an hour.How many trainers will the gym hire?
Definitions:
Compound
A material resulting from the chemical union of two or more elements.
Compound Name
The unique designation of a chemical substance according to rules established by the International Union of Pure and Applied Chemistry (IUPAC).
Compound
A substance formed from two or more elements chemically united in fixed proportions.
Amides
Organic compounds characterized by a carbonyl group attached to a nitrogen atom.
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