When Caroline's dress factory hires two workers,the total product is 50 dresses.When she hires three workers,the total product is 60,and when she hires four workers,the total product is 75.The slope of the marginal product curve between two and four workers hired is:
A) positive.
B) negative.
C) infinite.
D) zero.

Question

Quizplus · Accepted Answer

The marginal product is the additional output that is generated by adding an additional unit of input (in this case, adding an additional worker). The slope of the marginal product curve represents the rate of change of the marginal product.

Given that the total product increases as more workers are hired (50 dresses with two workers, 60 dresses with three workers, and 75 dresses with four workers), we know that the marginal product is positive (since each additional worker is generating more output).

Therefore, the slope of the marginal product curve between two and four workers hired will also be positive.

When Caroline's Dress Factory Hires Two Workers,the Total Product Is