Figure 10.1 Figure 10.1 shows the marginal revenue product for Dale's Hand-Sewn Doilies, a producer of linen doilies.
-Refer to Figure 10.1.If Dale can sell her doilies at $2 each,the marginal product of the fifth worker is _______.

Question

Figure 10.1  Figure 10.1 shows the marginal revenue product for Dale's Hand-Sewn Doilies, a producer of linen doilies.
-Refer to Figure 10.1.If Dale can sell her doilies at $2 each,the marginal product of the fifth worker is _______.

Quizplus · Accepted Answer

The marginal product of the fifth worker is the additional output produced by the fifth worker. Since the price per doily is not needed to calculate the marginal product in terms of doilies, the correct answer is 14 doilies.

Figure 101 Figure 10