Narrbegin Exhibit 6.3 A marginal product curve
-As shown in Exhibit 6.3, what was the marginal product of labour when only one worker was hired?

Question

Narrbegin Exhibit 6.3 A marginal product curve  
-As shown in Exhibit 6.3, what was the marginal product of labour when only one worker was hired?

Quizplus · Accepted Answer

The marginal product of labor refers to the additional output produced by an additional unit of labor. When only one worker is hired, the marginal product is the total output produced by that worker, assuming no other workers are involved. Since specific data from Exhibit 6.3 is not provided, the correct answer is based on a hypothetical or general understanding of how marginal product is determined.