FIGURE 7-1

-Refer to Figure 7-1. What is the marginal product of the fifth worker hired each week?
A) -15 bicycles
B) 0 bicycles
C) 10 bicycles
D) 15 bicycles

Question

FIGURE 7-1
 
-Refer to Figure 7-1. What is the marginal product of the fifth worker hired each week?
A) -15 bicycles 
B) 0 bicycles 
C) 10 bicycles 
D) 15 bicycles

Quizplus · Accepted Answer

The marginal product of the fifth worker is -15 bicycles. This is because the total output with 5 workers is 50 bicycles, and the total output with 4 workers is 65 bicycles. Therefore, the marginal product of the fifth worker is 50 - 65 = -15 bicycles.

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