Figure 1
$$\begin{array} { c c c c }
\begin{array} { c }
\text { Labour (number of } \
\text { workers) }
\end{array} & \begin{array} { c }
\text { Output } \
\text { per hour }
\end{array} & \begin{array} { c }
\text { Marginal Product } \
\text { of Labour (MPL) }
\end{array} & \text { Value of MPL } \
\hline 0 & 0 & \
1 & 5 & \
2 & 9 & \
3 & 12 & \
4 & 14 & \
5 & 15 &
\end{array}$$
-Refer to Figure 1. What is the marginal product of labour as the firm moves from using three workers to using four workers?

Question

Figure 1
 $$\begin{array} { c c c c } 
\begin{array} { c } 
\text { Labour (number of } \
\text { workers) }
\end{array} & \begin{array} { c } 
\text { Output } \
\text { per hour }
\end{array} & \begin{array} { c } 
\text { Marginal Product } \
\text { of Labour (MPL) }
\end{array} & \text { Value of MPL } \
\hline 0 & 0 & \
1 & 5 & \
2 & 9 & \
3 & 12 & \
4 & 14 & \
5 & 15 &
\end{array}$$
-Refer to Figure 1. What is the marginal product of labour as the firm moves from using three workers to using four workers?

Quizplus · Accepted Answer

The marginal product of labour (MPL) is the additional output produced by adding one more worker. From 3 to 4 workers, output increases from 12 to 14, so MPL is 14 - 12 = 2.

Figure 1 -Refer to Figure 1