Figure 10-2 Figure 10-2 shows the marginal revenue product for Becca's Baubles, a producer of hand-beaded bracelets.
-Refer to Figure 10-2.If Becca can sell her bracelets at $3 each,what is the marginal product of the 4th worker?

Question

Figure 10-2  Figure 10-2 shows the marginal revenue product for Becca's Baubles, a producer of hand-beaded bracelets.
-Refer to Figure 10-2.If Becca can sell her bracelets at $3 each,what is the marginal product of the 4th worker?

Quizplus · Accepted Answer

To find the marginal product of the 4th worker, we need to look at the change in total output by adding a 4th worker. From the graph, we can see that the marginal revenue product for the 3rd worker is $36. Therefore, if Becca can sell her bracelets at $3 each, the marginal product of the 4th worker is 12 bracelets (as shown by the $36 increase in total output). Option B is the correct answer.

Figure 10-2 Figure 10-2 Shows the Marginal Revenue Product