Consider the production function by workers hired by owner Gabriela at Head Area Salon in the...

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Consider the production function by workers hired by owner Gabriela at Head Area Salon in the table below. Haircuts are $20/cut. a. Find the MPL. b. Find Gabriela's demand for workers if the wage of workers is $900/Week. c. Find her demand for workers if the wage falls to $400/Week. MPL (Haircuts/Worker/Week) L (Number of workers) 1 2 3 4 5 Q (Haircuts/Week) 40 75 105 130 150 Consider the production function by workers hired by owner Gabriela at Head Area Salon in the table below. Haircuts are $20/cut. a. Find the MPL. b. Find Gabriela's demand for workers if the wage of workers is $900/Week. c. Find her demand for workers if the wage falls to $400/Week. MPL (Haircuts/Worker/Week) L (Number of workers) 1 2 3 4 5 Q (Haircuts/Week) 40 75 105 130 150

Answer rating: 100% (QA)

a The Marginal Product of Labor MPL is calculated by finding the change in output Q divided by the c... View the full answer