Use the Table Below to Answer the Question That Follows

question 22

Essay

Use the table below to answer the question that follows.
Claire's Pool Service $$\begin{array} { | c | c | c | c | } \hline \text { Units of Labor } & \text { Output per Week } & \text { Marginal Product } & \text { Marginal Revenue } \\\hline 1 & 20 & 20 & \\\hline 2 & 30 & 10 & \\\hline 3 & 38 & 8 & \\\hline 4 & 42 & 4 & \\\hline 5 & 44 & 2 & \\\hline\end{array}$$ Price of a unit of output: $80.
Cost to Claire's Pool Service of hiring one more unit of labor: $300 per week.
Fill in the marginal revenue column,and tell how many units of labor Claire will hire (assuming she has to hire whole units of labor,not fractions).

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Definitions:

Valid Information

Information that is supported by facts and evidence, making it reliable and accurate.

Compensation Decisions

The process of determining the appropriate pay and benefits for employees, taking into account factors such as job role, market rates, and organizational policy.

Rater Evaluates

The process where an assessor examines and judges an individual's performance, often in a professional context.

Forced Distribution Method

A performance appraisal system that ranks employees into predefined categories, often forcing a percentage into low-performance levels.