Mary Recently Opened Her Own Styling Salon

question 111

Essay

Mary recently opened her own styling salon.After the first month of operation,she looks at the mix of inputs she is using to see whether she should make any changes.The value of marginal product of her stylists is $125,000,and their wage is $20.Her equipment and salon space produces a value of $250,000,and it costs $400 to rent it.The land,which she rents at $800,produces a value of $300,000.Should she change her input mix or is she maximizing profit with her current arrangement?

---

Definitions:

Mental Disorders

A wide range of conditions that affect mood, thinking, and behavior, often causing distress and difficulty in functioning in daily life.

Mood Disorders

Mental health conditions that primarily affect a person's emotional state, characterized by periods of depression or elevated mood.

Schizophrenia

A severe mental disorder characterized by distortions in thinking, perception, emotions, language, sense of self, and behavior.

Symptoms

Signs or manifestations of a condition or disease, which patients perceive subjectively.