Figure 16-2 shows the marginal revenue product for Becca's Baubles, a producer of hand-beaded bracelets.
-Refer to Figure 16-2. If Becca can sell her bracelets at $3 each, what is the marginal product of the 4th worker?

Question

Quizplus · Accepted Answer

The marginal product of the 4th worker is the additional output produced by the 4th worker. Without the specific figure, we typically calculate this by subtracting the total output with 3 workers from the total output with 4 workers. Since the question specifies the marginal product in terms of bracelets and mentions selling price but not specific outputs, the correct answer must be related to the number of bracelets. "12 bracelets" is the only option that directly refers to a quantity of bracelets, making it the correct choice.

Figure 16-2 Shows the Marginal Revenue Product for Becca's Baubles