A firm can produce 840 gallons of paint per day with 6 workers,or 910 gallons per day with 7 workers.The marginal product of labor over this range of output,stated in gallons per worker per day,is

Question

Quizplus · Accepted Answer

The marginal product of labor is calculated by the change in output divided by the change in the number of workers. Here, (910 - 840) gallons / (7 - 6) workers = 70 gallons per worker per day.

A Firm Can Produce 840 Gallons of Paint Per Day