Espresso Yourself Coffee Shop hires workers in a competitive labor market to make coffee. The ingredients required to make each cup of coffee cost 50 cents. The coffee shop's hourly output of coffee varies with the number of workers hired, as shown in the table below. Each cup of coffee sells for $2.00. $\begin{array}{|c|c|}
\hline \begin{array}{c}
\text { Number } \
\text { of } \
\text { workers }
\end{array} & \begin{array}{c}
\text { Coffee } \
\text { (Cups/hour) }
\end{array} \
\hline 0 & 0 \
\hline 1 & 25 \
\hline 2 & 45 \
\hline 3 & 60 \
\hline 4 & 70 \
\hline 5 & 75 \
\hline
\end{array}$
The marginal product of the fourth worker is ______ cups of coffee per hour.

Question

Espresso Yourself Coffee Shop hires workers in a competitive labor market to make coffee. The ingredients required to make each cup of coffee cost 50 cents. The coffee shop's hourly output of coffee varies with the number of workers hired, as shown in the table below. Each cup of coffee sells for $2.00. $\begin{array}{|c|c|}
\hline \begin{array}{c}
\text { Number } \
\text { of } \
\text { workers }
\end{array} & \begin{array}{c}
\text { Coffee } \
\text { (Cups/hour) }
\end{array} \
\hline 0 & 0 \
\hline 1 & 25 \
\hline 2 & 45 \
\hline 3 & 60 \
\hline 4 & 70 \
\hline 5 & 75 \
\hline
\end{array}$
 The marginal product of the fourth worker is ______ cups of coffee per hour.

Quizplus · Accepted Answer

The marginal product of the fourth worker is the additional output produced by hiring the fourth worker. It is calculated as the difference in total output when the fourth worker is hired: 70 cups (with 4 workers) - 60 cups (with 3 workers) = 10 cups.

Espresso Yourself Coffee Shop Hires Workers in a Competitive Labor