uppose Charles owns a lawn-mowing company Assume that without workers, no yards

Question

uppose Charles owns a lawn-mowing company Assume that without workers, no yards are mowed When he hires one worker, he is able to mow 3 yards per day ith two workers, he can mow 8 yards per day, and with three workers, he can mow 14 yards per day The margnal product of the first worker isyards per day The marginal product of the second worker isyards per day Last, the marginal product of the trd worker isyards per day. The marginal product of labor potentially increases (from one to three workers) due to Enter your answer in each of the answer boxes

Explanation / Answer

Answer : Marginal product is calculated by change in output divided by change in labor input.

Marginal product for the first worker is    3    yards per day.

MPl= 3/1 =3

Marginal product for the second worker is   5 yards per day.

MPL= 5/1 =5

Marginal product for the third worker is   6     yards per day.

MPL =6/1 =6

The marginal product of the worker from 1 to 3 has been increased due to   increasing marginal returns. Production has become more efficient and workers are specalised in their production task work systematic.

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