What is the marginal product of the fourth worker? The Production Function and Marginal Product Tetal Output Total output Number (number of meals of workers served per hour) Marginal product of labor 70 s0 30 10 15 15 9 10 Number of workers 30 12 42 Marginal Product of Labor 10 $2

What is the marginal product of the fourth worker? The Production Function and Marginal Product Tetal Output Total output Number (number of meals of workers served per hour) Marginal product of labor 70 s0 30 10 15 15 9 10 Number of workers 30 12 42 Marginal Product of Labor 10 $2

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 5SCQ: If two painters can paint 200 square feet of wall in an hour, and three painters can paint 275...

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Question

100%

What is the marginal product of the fourth worker?
The Production Function and Marginal Product
Total
Output
70
Total output
Number (number of meals
of workers served per hour)
Marginal
product of
labor
50
30
10
10
15
15
45678 9 10 Number of
workers
30
la)
12
42
Marginal
Product
of Labor
10
52
15
60
10
65
5
67
-5
63
-10
9 10 Number of
workers
3 4
10
55
(b)
12
а.
b.
13
с.
14
d. 10

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