The following table contains the relationship between a number of trainers working at the new gym (Crossfit by Shawna)and how many clients they can train.These clients represent the output of trainers.Clients pay $40 per session.
a.Find the marginal product of labor (MPL)and the value of the marginal product of labor (VMPL)for each additional trainer hired,and record these numbers in columns on the table.
b.Crossfit by Shawna's premier trainers earn $200 an hour.How many trainers will the gym hire?
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b.At six trainers,the wage...View Answer
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