Asked by Robyia Spriggins on May 09, 2024
Verified
Refer to Table 13-15. What is the marginal product of the sixth worker?
Marginal Product
The extra output or benefit received from using one more unit of a variable input.
- Comprehend and describe the marginal output of labor.
Verified Answer
RK
Rajiv KumarMay 14, 2024
Final Answer :
Total output of four workers = 350 + 50 = 400 units. Total output of five workers = 400 + 25 = 425 units. 430 - 425 = 5 units.
Learning Objectives
- Comprehend and describe the marginal output of labor.