Sam owns a candy factory and hires workers in a competitive labor market to pack cases of candy.The company's weekly output of cases of candy varies with the number of workers hired,as shown in the table: $\begin{array} { c c } \text { Number of workers } & \text { Cases/week } \\0 & 0 \\1 & 160 \\2 & 310 \\3 & 450 \\4 & 580 \\5 & 700 \\6 & 810\end{array}$
If each case sells for $5 more than the cost of the materials used in producing it,then the value of marginal product for the 2^nd worker is _______.

Question

Sam owns a candy factory and hires workers in a competitive labor market to pack cases of candy.The company's weekly output of cases of candy varies with the number of workers hired,as shown in the table:

\begin{array} { c c } \text { Number of workers } & \text { Cases/week } \\0 & 0 \\1 & 160 \\2 & 310 \\3 & 450 \\4 & 580 \\5 & 700 \\6 & 810\end{array}

If each case sells for $5 more than the cost of the materials used in producing it,then the value of marginal product for the 2^nd worker is _______.

Quizplus · Accepted Answer

The Answer of Sam owns a candy factory and hires workers in a competitive labor market to pack cases of candy.The company's weekly output of cases of candy varies with the number of workers hired,as shown in the table: $$\begin{array} { c c } \text { Number of workers } & \text { Cases/week } \ 0 & 0 \ 1 & 160 \ 2 & 310 \ 3 & 450 \ 4 & 580 \ 5 & 700 \ 6 & 810 \end{array}$$ If each case sells for $5 more than the cost of the materials used in producing it,then the value of marginal product for the 2^nd worker is _______.

Sam Owns a Candy Factory and Hires Workers in a Competitive