Table 30.2

\begin{array} { | c | c | c | c | c | } \hline \begin{array} { c } \text { Nurrber of } \\\text { stylists (per } \\\text { week) }\end{array} & \begin{array} { c } \text { Total output } \\\text { (per week) }\end{array} & \begin{array} { c } \text { Marginal } \\\text { physical } \\\text { product } \\\text { (output per } \\\text { stylist) }\end{array} & \begin{array} { c } \text { Total revenue } \\\text { (dollars per } \\\text { week) }\end{array} & \begin{array} { c } \text { Marginal revenue } \\\text { product (dollars } \\\text { per stylist) }\end{array} \\\hline 0 & \text { c } & \ldots & & \ldots \\\hline 1 & 6 t & & \\\hline 2 & 80 & & \\\hline 3 & 9 d & & \\\hline 4 & 94 & & \\\hline\end{array}

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.In Table 30.2 suppose a hairstylist is paid $700 per week.How many hairstylists should a profit-maximizing salon hire?
A)1.
B)2.
C)3.
D)4.

Other Things Being Equal,which of the Following Would Increase the Market

Multiple Choice

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