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).

Question

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).

Quizplus · Accepted Answer

The Answer of 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).

Use the Table Below to Answer the Question That Follows