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 suppose a hairstylist is paid $700 per week.How many hairstylists should a profit-maximizing salon hire?

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The Answer of  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 suppose a hairstylist is paid $700 per week.How many hairstylists should a profit-maximizing salon hire?

Table 304 Shows How Many Hairstyling Appointments a Hair Salon Can