A firm produced 376 units with ten workers.When an eleventh worker was hired,the output increased to 398 units.The marginal product of the eleventh worker is ________.

Question

Quizplus · Accepted Answer

Marginal product refers to the additional output produced by an additional unit of input (in this case, an additional worker).

The firm produced 376 units with 10 workers, so the average output per worker was 376/10 = 37.6 units.

When an eleventh worker was added, the output increased to 398 units. Therefore, the additional output produced by the eleventh worker was:

398 units - 376 units = 22 units

Thus, the marginal product of the eleventh worker is 22 units.

A Firm Produced 376 Units with Ten Workers