Use the following to answer questions : $$\begin{array}{l}
\text { Table: Total Product of Labour at Debbie's Bakery }\
\begin{array} { l c }
\begin{array} { l }
\text { Quantity of Labour } \
\text { (workers) }
\end{array} & \begin{array} { c }
\text { Total Product of Labour } \
\text { (cakes per worker) }
\end{array} \
\hline 0 & 0 \
1 & 3 \
2 & 10 \
3 & 16 \
4 & 21 \
5 & 25 \
6 & 28
\end{array}
\end{array}$$
-(Table: Total Product of Labour at Debbie's Bakery)Use Table: Total Product of Labour at Debbie's Bakery.Debbie can sell cakes at $10 each.What is the value of the marginal product for the fourth worker?
A) 5 cakes
B) $50
C) $210
D) 21 cakes

Question

Use the following to answer questions : $$\begin{array}{l}
\text { Table: Total Product of Labour at Debbie's Bakery }\
\begin{array} { l c } 
\begin{array} { l } 
\text { Quantity of Labour } \
\text { (workers) }
\end{array} & \begin{array} { c } 
\text { Total Product of Labour } \
\text { (cakes per worker) }
\end{array} \
\hline 0 & 0 \
1 & 3 \
2 & 10 \
3 & 16 \
4 & 21 \
5 & 25 \
6 & 28
\end{array}
\end{array}$$
-(Table: Total Product of Labour at Debbie's Bakery)Use Table: Total Product of Labour at Debbie's Bakery.Debbie can sell cakes at $10 each.What is the value of the marginal product for the fourth worker?
A) 5 cakes
B) $50
C) $210
D) 21 cakes

Quizplus · Accepted Answer

The value of the marginal product for the fourth worker is the change in total product divided by the change in quantity of labour. In this case, the change in total product is 21 - 16 = 5 cakes, and the change in quantity of labour is 4 - 3 = 1 worker. Therefore, the value of the marginal product for the fourth worker is 5 cakes / 1 worker = $50.

Use the Following to Answer Questions -(Table: Total Product of Labour at Debbie's Bakery)Use Table: Total