(Table: Total Product of Labor at Suzi's Sandwich Shop) Use Table: Total Product of Labor at Suzi's Sandwich Shop. Suzi can sell sandwiches for $10 each. What is the marginal revenue product of labor for the second worker? $$\text { Table: Total Product of Labor at Suzi's Sandwich Shop } \
\begin{array} { | l | l | }
\hline \begin{array} { l }
\text { Quantity of Labor } \
\text { (workers) }
\end{array} & \begin{array} { l }
\text { Total Product of Labor } \
\text { (sandwiches per worker) }
\end{array} \
\hline 0 & 0 \
\hline 1 & 3 \
\hline 2 & 10 \
\hline 3 & 16 \
\hline 4 & 21 \
\hline 5 & 25 \
\hline 6 & 28 \
\hline
\end{array}$$

Question

(Table: Total Product of Labor at Suzi's Sandwich Shop) Use Table: Total Product of Labor at Suzi's Sandwich Shop. Suzi can sell sandwiches for $10 each. What is the marginal revenue product of labor for the second worker? $$\text { Table: Total Product of Labor at Suzi's Sandwich Shop } \
\begin{array} { | l | l | } 
\hline \begin{array} { l } 
\text { Quantity of Labor } \
\text { (workers) }
\end{array} & \begin{array} { l } 
\text { Total Product of Labor } \
\text { (sandwiches per worker) }
\end{array} \
\hline 0 & 0 \
\hline 1 & 3 \
\hline 2 & 10 \
\hline 3 & 16 \
\hline 4 & 21 \
\hline 5 & 25 \
\hline 6 & 28 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The marginal revenue product of labor is calculated by multiplying the marginal product of labor by the price of the product. For the second worker, the marginal product is 10 - 3 = 7 sandwiches. Therefore, the marginal revenue product is 7 sandwiches * $10 = $70.