Let L represent the number of workers hired by a firm,and let Q represent that firm's quantity of output.Assume two points on the firm's production function are (L = 5,Q = 125)and (L = 6,Q = 162).Then the marginal product of the 6th worker is
A) 25 units of output.
B) 27 units of output.
C) 37 units of output.
D) 162 units of output.

Question

Quizplus · Accepted Answer

The marginal product of the 6th worker is calculated by the change in output divided by the change in the number of workers: (162 - 125) / (6 - 5) = 37 units of output.

Let L Represent the Number of Workers Hired by a Firm,and