Asked by Quentin Washington on Jun 13, 2024
Verified
Refer to Figure 7.2. The marginal product of the second worker is ________ lawns mowed.
A) 3
B) 5
C) 8
D) 11
Marginal Product
The increase in output resulting from a one-unit increase in the use of a variable input, holding all other inputs constant.
Lawns Mowed
Lawns mowed refers to the action of cutting the grass of a lawn to maintain a neat and tidy appearance, often used as a measure of work done in landscaping services.
- Apprehend the essence of marginal product and explore how to calculate it.
Verified Answer
AK
Ashish KattaJun 16, 2024
Final Answer :
B
Explanation :
The marginal product of a worker is the additional output produced by that worker. If the first worker mows 3 lawns and the second worker increases the total to 8 lawns, the marginal product of the second worker is 8 - 3 = 5 lawns mowed.
Learning Objectives
- Apprehend the essence of marginal product and explore how to calculate it.