The King Kupcake firm's worker productivity is presented in the accompanying table. When King Kupcake hires its 300th worker, what is that worker's marginal product of labor? $\begin{array} { l }
\text { Quantity of Workers }&100&200&300&400\
\text { Ouantity of Output }&650&950&1,150&1,200
\end{array}$

Question

The King Kupcake firm's worker productivity is presented in the accompanying table. When King Kupcake hires its 300th worker, what is that worker's marginal product of labor? $\begin{array} { l  }
\text { Quantity of Workers }&100&200&300&400\
\text { Ouantity of Output }&650&950&1,150&1,200
\end{array}$

Quizplus · Accepted Answer

The marginal product of labor is the change in output divided by the change in labor. When King Kupcake hires its 300th worker, output increases from 1,150 to 1,200 cupcakes. Therefore, the marginal product of labor is 1,200 - 1,150 = 50 cupcakes.

The King Kupcake Firm's Worker Productivity Is Presented in the Accompanying