Table 18-B
Consider the following daily production data for MadeFromScratch, Inc. MadeFromScratch sells cupcakes for $3 each and pays the workers a wage of $325 per day.
-Refer to Table 18-B. What is the third worker's marginal product of labor?
A)125 cupcakes
B)150 cupcakes
C)200 cupcakes
D)475 cupcakes

Question

Table 18-B
Consider the following daily production data for MadeFromScratch, Inc. MadeFromScratch sells cupcakes for $3 each and pays the workers a wage of $325 per day. 
-Refer to Table 18-B. What is the third worker's marginal product of labor?
A)125 cupcakes 
B)150 cupcakes 
C)200 cupcakes 
D)475 cupcakes

Quizplus · Accepted Answer

The marginal product of labor is the additional output produced by adding one more worker. If the third worker's marginal product is 125 cupcakes, it means that the addition of the third worker increased total output by 125 cupcakes.

Table 18-B Consider the Following Daily Production Data for MadeFromScratch, Inc. MadeFromScratch