Bonita's Braidworks hires workers to braid hair. The store sells the service for $25 per customer. The marginal revenue product of this store's fifth worker is $50. The marginal product of the fifth worker isA) 0.5 braided customers. B) 2 braided customers. C) 25 braided customers. D) indeterminate from this information.

Question

Cannon Potts

Business

31 August, 23:14

Bonita's Braidworks hires workers to braid hair. The store sells the service for $25 per customer. The marginal revenue product of this store's fifth worker is $50. The marginal product of the fifth worker isA) 0.5 braided customers. B) 2 braided customers. C) 25 braided customers. D) indeterminate from this information.

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Answers (1)

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Double Bubble · Answer 1

2 Braided Customers

Explanation:

Given:

Services Rate per customer = 25 $

Marginal Revenue Product = 50 $

Marginal Product = (Marginal Revenue Product / Service rate per customer)

Marginal Product = 50 / 25

Marginal Product = 2 Braided Customers