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You own a small fashion design shop called Dressed Up and Ready to Go!. Currently you are paying your seamstresses an hourly wage of $14
You own a small fashion design shop called "Dressed Up and Ready to Go!". Currently you are paying your seamstresses an hourly wage of $14 per hour, and the materials (cloth, etc.) for your most popular design dress cost you $18 per dress, which you sell on the internet for $23 a dress. By hiring more seamstresses, you can increase your dress production as shown in the following table. The table shows the amount of dresses your shop can produce in 1 hour. Number of Seamstresses Total Production of Dresses Each Hour 0 0 1 7 2 12 3 17 4 20 5 22 The marginal product of hiring the 3rd seamstress is __ ________ dresses. The additional surplus you obtain from hiring the 3rd seamstress is ___ _______ dollars. Do not include a dollar sign with your answer. To maximize your surplus (profit) you want to hire _ ___ seamstresses. Assuming no other costs, you will earn ___ _____ dollars. Do not include a dollar sign with your
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