Espresso Yourself Coffee Shop hires workers in a competitive labor market to make coffee. The ingredients required to make each cup of coffee cost 50 cents. The coffee shop's hourly output of coffee varies with the number of workers hired, as shown in the table. Each cup of coffee sells for $2.00. $$\begin{array} { | c | c | }
\hline \begin{array} { c }
\text { Number df } \
\text { wurkers }
\end{array} & \begin{array} { c }
\text { Caftee } \
\text { (cups/hour) }
\end{array} \
\hline 0 & 0 \
\hline 1 & 25 \
\hline 2 & 45 \
\hline 3 & 60 \
\hline 4 & 70 \
\hline 5 & 75 \
\hline
\end{array}$$
The marginal product of the fourth worker is ________ cups of coffee per hour.
A)70
B)60
C)17.5
D)10

Question

Espresso Yourself Coffee Shop hires workers in a competitive labor market to make coffee. The ingredients required to make each cup of coffee cost 50 cents. The coffee shop's hourly output of coffee varies with the number of workers hired, as shown in the table. Each cup of coffee sells for $2.00. $$\begin{array} { | c | c | } 
\hline \begin{array} { c } 
\text { Number df } \
\text { wurkers }
\end{array} & \begin{array} { c } 
\text { Caftee } \
\text { (cups/hour) }
\end{array} \
\hline 0 & 0 \
\hline 1 & 25 \
\hline 2 & 45 \
\hline 3 & 60 \
\hline 4 & 70 \
\hline 5 & 75 \
\hline
\end{array}$$  
The marginal product of the fourth worker is ________ cups of coffee per hour.
A)70
B)60
C)17.5
D)10

Quizplus · Accepted Answer

The marginal product of the fourth worker is the additional output produced by the fourth worker compared to the third worker. From the table, the output with three workers is 60 cups/hour, and with four workers, it is 70 cups/hour. Therefore, the marginal product of the fourth worker is 70 - 60 = 10 cups/hour.

Espresso Yourself Coffee Shop Hires Workers in a Competitive Labor