The proposition that the price of a resource is expected to rise at a rate equal

Question

The proposition that the price of a resource is expected to rise at a rate equal to the interest rate is called the derived demand for productive resources. Hotelling Principle. Interest Rate Theory. Discounted Value Proposition. diminishing marginal revenue product. The table shows information for Jen's Gymnastics. Jen hires coaches and can charge $20 per hour for gymnastics lessons. The value of marginal product for the second coach is_____ because_____. $260; the first two coaches can earn $20 for each of the 13 gymnasts 13; 2 coaches can train 13 gymnasts $120; the second coach's marginal product is 6 gymnasts and lessons cost $20 6; the second coach can train an extra 6 gymnasts $40; each coach can charge $20 per student

Explanation / Answer

Answers:

19). B Hotelling principle

20). D 6, the second coach can train an extra 6 gymnasts

Marginal product of the second coach = Change in Total Product / Change in output

13 - 7 / 2-1

= 6 ( Answer)

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