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30.230.2 Hairstyling Appointments and Revenues Table 30

question 102

Multiple Choice

 Number of stylist (per week)  total output(per week)  marginal physical product (output per stylist)  total revenue(dollars per week)  marginal revenue product (dollars per stylist)
0 0 ......  $0  ........
60   ______   ______  ______
 2 80   ______   ______   ______
 3 90   ______   ______   ______
 4 90   ______   ______   ______

Table 30.230.2
Hairstyling Appointments and Revenues Table 30.2 shows how many hairstyling appointments a hair salon can schedule per week based on the number of stylists.In the spaces provided, compute the marginal physical product (MPP) of the hair stylists, total revenue, and marginal revenue product of the stylists, assuming that a hair stylist charges $60 per appointment.What is the marginal physical product of the fourth hairstylist?


Definitions:

Sleeping

A natural and periodic state of rest for the mind and body, characterized by altered consciousness and reduced sensory and muscle activity.

Circadian Rhythm

Day–night rhythm.

Eating Behaviour

Patterns or habits related to how, why, and what people eat, including the psychological, biological, and social factors influencing eating habits.

Ultradian Rhythm

Biological rhythms with a cycle shorter than 24 hours, such as stages of sleep or the pattern of hormonal release.

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