A wedding planner determines that one waiter can serve 30 guests, two waiters can serve 70 guests, three waiters can serve 120 guests, four waiters can serve 160 guests, and five waiters can serve 180 guests. The marginal product of the third waiter is _____ guests.

Question

Quizplus · Accepted Answer

The marginal product of the third waiter is the additional number of guests served by adding the third waiter. Two waiters can serve 70 guests, and three waiters can serve 120 guests. Therefore, the marginal product of the third waiter is 120 - 70 = 50 guests.

A Wedding Planner Determines That One Waiter Can Serve 30