Figure 14.1

Figure 14.1 shows the marginal revenue product for Dale's Hand-Sewn Doilies, a producer of linen doilies.
-Refer to Figure 14.1.If Dale can sell her doilies at $2 each, what is the marginal product of the 5th worker?

Question

Figure 14.1
  
Figure 14.1 shows the marginal revenue product for Dale's Hand-Sewn Doilies, a producer of linen doilies.
-Refer to Figure 14.1.If Dale can sell her doilies at $2 each, what is the marginal product of the 5th worker?

Quizplus · Accepted Answer

The marginal product of the 5th worker is the additional output produced by hiring the 5th worker, which is 14 doilies.

Figure 14.1 Figure 14.1 Shows the Marginal Revenue Product for Dale's Hand-Sewn