Asked by Shraddha Kumar on May 03, 2024
Verified
Kate is a florist. Kate can arrange 27 bouquets per day. She is considering hiring her husband Amir to work for her. Together Kate and Amir can arrange 41 bouquets per day. What is Amir's marginal product?
A) 68 bouquets
B) 41 bouquets
C) 29 bouquets
D) 14 bouquets
Marginal Product
The marginal product is the additional output gained by employing one more unit of input, such as labor, in the production process.
Bouquets
Arrangements of flowers, often decorative and used as gifts or for special occasions.
Florist
A professional or business that specializes in the arrangement and sale of flowers and floral displays.
- Comprehend the idea of the marginal product of labor and its connection to the production function.
Verified Answer
MP
Maryu PickettMay 06, 2024
Final Answer :
D
Explanation :
Amir's marginal product is the additional output generated by adding him to the production process, which is 41 bouquets (together) minus 27 bouquets (Kate alone), equaling 14 bouquets.
Learning Objectives
- Comprehend the idea of the marginal product of labor and its connection to the production function.