Asked by
Sharon Kwamboka
on Oct 27, 2024Verified
Lauren has 11 people working in her tangerine grove.The marginal product of the eleventh worker is 13 bushels of tangerines.If she hires a twelfth worker,the marginal product of that worker will be _____ bushels.
A) 14
B) 15
C) 12
D) The answer cannot be determined with the information available.
Bushels
A unit of volume that is used to measure agricultural commodities like grains and fruits.
Marginal Product
The additional output that is produced by adding one more unit of a specific input, ceteris paribus (with all other inputs held constant).
- Learn the principles of marginal and total product in production.
- Recognize the impact of adding labor on total and marginal product in different production scenarios.
Verified Answer
QM
Learning Objectives
- Learn the principles of marginal and total product in production.
- Recognize the impact of adding labor on total and marginal product in different production scenarios.