Suppose Claire hires workers to cook pizzas. The following table shows how many Pizzas can be produced
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Question:
Suppose Claire hires workers to cook pizzas. The following table shows how many
Pizzas can be produced with various amounts of labor. Calculate the marginal product of labor. (Enter a numerical answer using a real number rounded to one decimal place.) Show how it is calculated
Amount of workers | Amount of ovens | Amount of pizzas | Marginal Product of work |
0 | 33 | 0 | |
1 | 33 | 1,000 | |
2 | 33 | 2,250 | |
3 | 33 | 2,750 | |
4 | 33 | 3,000 | |
5 | 33 | 3 125 | |
6 | 33 | 3 200 |
Related Book For
Economics Principles and Policy
ISBN: 978-0538453653
12th edition
Authors: William J. Baumol, Alan S. Blinder
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