Suppose that hiring one, two, three, or four workers at a glass factory generates a total output of 200, 350, 450, and 500 fancy glasses, respectively. The marginal product of labor for the second worker is:

Question

Quizplus · Accepted Answer

The marginal product of labor for the second worker is calculated by subtracting the total output with one worker from the total output with two workers. Thus, 350 glasses - 200 glasses = 150 glasses.

Suppose That Hiring One, Two, Three, or Four Workers at a Glass