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 ........

1 60 ______ ______ ______

2 80 ______ ______ ______

3 90 ______ ______ ______

4 90 ______ ______ ______

Table $30.2$ 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.In Table 30.2, as more stylists are hired,

Question

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	........
1	60	______	______	______
2	80	______	______	______
3	90	______	______	______
4	90	______	______	______

Table $30.2$ 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.In Table 30.2, as more stylists are hired,

Quizplus · Accepted Answer

As more stylists are hired, there are diminishing returns because the marginal physical product of each additional stylist decreases. It can be seen in Table 30.2 that as the number of stylists increases, the additional appointments scheduled per week start to increase at a decreasing rate. Therefore, the answer is A. The total revenue increases with an increasing number of stylists, but the marginal revenue product of each additional stylist decreases due to the diminishing returns.