-Refer to the table above. What is the marginal return to labor from increasing employment from 4 to 5 workers?

Name: -Refer to the table above. What is the marginal return to labor from increasing employment from 4 to 5 workers?
Brand: Quizplus
Rating: 4.8 (64 reviews)

Question

Quizplus · Accepted Answer

The marginal return to labor is the change in output divided by the change in labor. In this case, the change in output is 7 (from 28 to 35) and the change in labor is 1 (from 4 to 5). Therefore, the marginal return to labor is 7.

-Refer to the Table Above