The figure below shows how the quantity of bicycles produced per week varies with the number of workers employed per week. Based on the figure, the marginal product of the fifth worker hired each week is _____.Figure 6-1

Question

Quizplus · Accepted Answer

The marginal product of a worker is the additional output that is produced when one more worker is added, while holding all other inputs constant. In this figure, we can see that the marginal product of the first worker is 10 bicycles, the marginal product of the second worker is 20 bicycles (10 more than the previous worker), the marginal product of the third worker is 15 bicycles (5 less than the previous worker), the marginal product of the fourth worker is 10 bicycles (5 less than the previous worker), and the marginal product of the fifth worker is 0 bicycles (the same output as the previous worker). Therefore, the answer is C) 15 bicycles.

The Figure Below Shows How the Quantity of Bicycles Produced