A farm can produce 10 000 bushels of wheat per year with five workers and 12 000 bushels with six workers. The marginal product of the sixth worker for this farm is:

Question

Quizplus · Accepted Answer

The marginal product of labor refers to the additional output that results from one additional unit of labor input, holding all other inputs constant. In this case, the marginal product of the sixth worker is the difference between the total output produced with six workers (12,000 bushels) and the total output produced with five workers (10,000 bushels).

Marginal product of the sixth worker = 12,000 - 10,000 = 2,000 bushels

Therefore, the answer is B, 2,000 bushels.

A Farm Can Produce 10 000 Bushels of Wheat Per