Asked by Nelli Vartanian on Jul 16, 2024
Verified
Refer to Scenario 7.7. The marginal product of the second worker is
A) 3.
B) 4.
C) 5.
D) 9.
Labor Intensive
A term used to describe a process or industry that requires a large amount of manual labor relative to capital investment.
Alternative Technologies
Different or new technologies that provide an alternative way of solving problems or completing tasks, often with the aim of improving efficiency or environmental sustainability.
- Gain insight into the principles of marginal and average labor outputs.
Verified Answer
JC
Johnny CavesJul 21, 2024
Final Answer :
C
Explanation :
The marginal product of the second worker is calculated by subtracting the total product with one worker from the total product with two workers. Thus, 9 lawns - 4 lawns = 5 lawns.
Learning Objectives
- Gain insight into the principles of marginal and average labor outputs.