Assume the table shown is for a hat factory,and shows the total production of hats given various numbers of employees.What is the marginal product of the ninth worker?

Question

Quizplus · Accepted Answer

Marginal product is the additional output achieved by adding one more unit of input (in this case, one more employee). The marginal product of the ninth worker can be calculated by subtracting the total production of eight workers (120) from the total production of nine workers (135). Therefore, the marginal product of the ninth worker is 15. The best choice would be to hire the ninth worker because they will add an additional output of 15 hats.

Assume the Table Shown Is for a Hat Factory,and Shows