Use the following to answer questions: Table: Sunshine Flower Vase Co. $$\begin{array} { | c | c | }
\hline \begin{array} { c }
\text { Number of Workers } \
\text { Daily }
\end{array} & \text { Total Revenue (\$) } \
\hline 3 & 1,350 \
\hline 4 & 1,580 \
\hline 5 & 1,760 \
\hline 6 & 1,885 \
\hline 7 & 1,965 \
\hline 8 & 2,015 \
\hline
\end{array}$$
-(Table: Sunshine Flower Vase Co.) Refer to the table. What is the marginal product of labor for the fifth worker?

Question

Use the following to answer questions: Table: Sunshine Flower Vase Co. $$\begin{array} { | c | c | } 
\hline \begin{array} { c } 
\text { Number of Workers } \
\text { Daily }
\end{array} & \text { Total Revenue (\$) } \
\hline 3 & 1,350 \
\hline 4 & 1,580 \
\hline 5 & 1,760 \
\hline 6 & 1,885 \
\hline 7 & 1,965 \
\hline 8 & 2,015 \
\hline
\end{array}$$
-(Table: Sunshine Flower Vase Co.) Refer to the table. What is the marginal product of labor for the fifth worker?

Quizplus · Accepted Answer

The marginal product of labor is the additional revenue generated by adding one more worker. For the fifth worker, it is the difference in total revenue between 5 and 4 workers: $1,760 - $1,580 = $180.

Use the Following to Answer Questions: Table: Sunshine Flower Vase