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

Name: Narrbegin Exhibit 6.3 A marginal product curve -As shown in Exhibit 6.3, what was the marginal product of labour when the second worker was hired?
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Question

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

Quizplus · Accepted Answer

The marginal product of labor is the additional output produced by hiring one more worker. According to Exhibit 6.3, when the second worker was hired, the marginal product was 50.