a. A hand sanitizer plant in Buffalo added a second and third shift. What do you...
a. A hand sanitizer plant in Buffalo added a second and third shift. What do you expect to be true about the average product of labor on the second shift versus the first shift? What do you expect for the marginal product of workers on the third shift compared to the second shift?
b. How will adding the second and third shifts affect the marginal cost of producing hand sanitizer?
Homework Answers
a> I expect that the avergae product of labor on the second shift to be lower than that of the first shift. I also expect that the marginal product of the third shift to be lower than that of the second shift.
The reason behind this is the diminishing marginal return of labor. Marginal product of workers will fall over shifts and thus the average product will also fall as the labor amount increases.
b> Since they have a diminishing marginal return, the marginal cost of producing hand-sanitizer will increase as it increases the number of shifts.
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