Asked by
Emmanuel Montanez
on Nov 04, 2024Verified
Hannah's House of Hotcakes serves 30 customers in an hour when it hires one worker. It serves 60 customers in an hour when it hires two workers. The marginal product of the second worker is ________ customers served per hour.
A) 20
B) 30
C) 50
D) 67.5
Marginal Product
The increase in output resulting from a one-unit increase in the amount of a single input, holding all other inputs constant.
- Apprehend the theories surrounding marginal and average products of labor and their impact on the productivity of labor.
Verified Answer
JW
Learning Objectives
- Apprehend the theories surrounding marginal and average products of labor and their impact on the productivity of labor.