Homework Answers
Marginal product is the additional output generated by additional input or worker.
It is calculated by subtracting the previous output from current output level.
Worker MP
W MP
1 8 (8-0)
2 10 (18-8)
3 12 (30-18)
4 13
5 12
6 10
7 8
8 9
9 3
10 2
As we see marginal product decreases with each extra worker
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shown in the table below:
If pizzas sell for $8 each, what is the value marginal product
for the 4th worker?
Select one:
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b. $112 per day
c. $48 per day
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