At the Formby's Shoe Polish factory,management observes that with 105 workers,total output is 590 units and with 110 workers,it is 700 units.The marginal product of each of the five extra workers is _______ units.

Question

Quizplus · Accepted Answer

The marginal product is calculated by the change in total output divided by the change in the number of workers. Here, the output increases from 590 to 700 units with 5 additional workers, so the marginal product is (700-590)/5 = 22 units per worker.

At the Formby's Shoe Polish Factory,management Observes That with 105