Asked by
Sharon Kwamboka
on Oct 27, 2024Verified
Lauren has 11 people working in her tangerine grove.The marginal product of the eleventh worker is 13 bushels of tangerines.If she hires a twelfth worker,the marginal product of that worker will be _____ bushels.
A) 14
B) 15
C) 12
D) The answer cannot be determined with the information available.
Marginal Product
The additional output that is produced by adding one more unit of a specific input, ceteris paribus (with all other inputs held constant).
Bushels
A unit of volume that is used to measure agricultural commodities like grains and fruits.
- Learn the principles of marginal and total product in production.
- Recognize the impact of adding labor on total and marginal product in different production scenarios.
Verified Answer
QM
Learning Objectives
- Learn the principles of marginal and total product in production.
- Recognize the impact of adding labor on total and marginal product in different production scenarios.