The figure below shows the change in the quantity of bicycles produced per week due to changes in the number of workers employed per week. Based on the figure, the marginal product of the second worker is _____.Figure 6-1

Question

Quizplus · Accepted Answer

The marginal product of the second worker is the change in the quantity of output (bicycles produced per week) as a result of hiring one more worker (increasing the number of workers employed from one to two). Looking at the graph, we can see that the quantity of bicycles produced per week increases from 10 to 30 when going from one worker to two workers, resulting in a change of 20 bicycles. Therefore, the marginal product of the second worker is 20 bicycles.

The Figure Below Shows the Change in the Quantity of Bicycles