SakChan31571 SakChan31571
  • 03-06-2022
  • Business
contestada

Assume that only one additional worker is
hired. what is the marginal product from an
output of 25 to 63?
a. 29
b. 46
c. 38

Respuesta :

Parrain
Parrain Parrain
  • 14-06-2022

Based on the increase in output and the additional workers hired, the marginal product is 38.

How do you find marginal product?

Marginal product is calculated as:

= Additional units produced / Additional workers hired

Solving gives:

= (63 - 25) / 1

= 38 / 1

= 38

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