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30.430.4 Hairstyling Appointments and Revenues Table 30

question 45

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 30.430.4
Hairstyling Appointments and Revenues Table 30.4 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 hairstylists, total revenue, and the marginal revenue product of the stylists, assuming that a hairstylist
Charges $60 per appointment.In Table 30.4, what is the marginal revenue product of the second hairstylist?

Recognize the importance of environmental factors and community infrastructure in disease prevention.
Understand the historical development of public health initiatives and their impact on community health.
Analyze the role of government and non-governmental organizations in the advancement of public health.
Identify key figures and their contributions to public health and nursing.

Definitions:

Actual Prices

The real prices at which transactions have occurred, as opposed to estimated or standard prices.

Inventory Accounts

Accounts used to track the costs of products purchased or produced for sale to customers until the products are sold.

Work in Process Inventory

Inventory that includes all the materials, labor, and overhead costs for products that are in the process of being manufactured but are not yet complete.

Direct Labor Costs

The cost of wages paid to workers directly involved in the production of goods or services.

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