FIGURE 7-1

-Refer to Figure 7-1. What is the marginal product of the second worker hired each week?
A) 10 bicycles
B) 15 bicycles
C) 20 bicycles
D) 30 bicycles

Question

FIGURE 7-1
 
-Refer to Figure 7-1. What is the marginal product of the second worker hired each week?
A) 10 bicycles 
B) 15 bicycles 
C) 20 bicycles 
D) 30 bicycles

Quizplus · Accepted Answer

The marginal product of the second worker is the additional output produced when the second worker is hired. If the first worker produces 10 bicycles and the second worker increases total production to 30 bicycles, the marginal product is 20 bicycles (30-10).

FIGURE 7-1 -Refer to Figure 7-1. What Is the Marginal Product of the Marginal