(Table: Sunshine Flower Vase Co.) Refer to the table. What isthe marginal product of labor for the fifth worker?

Question

Quizplus · Accepted Answer

The marginal product of labor for the fifth worker can be calculated by finding the difference in total output between employing four workers and employing five workers. From the table, we see that the total output with four workers is 8,800 and the total output with five workers is 9,980. Therefore, the marginal product of labor for the fifth worker is 9,980 - 8,800 = $180. This is the additional amount of output produced by hiring the fifth worker. Option C is the correct answer. None of the other choices are correct based on the information given in the table.