Let L represent the number of workers hired by a firm,k andlet Q represent the f

Question

Let L represent the number of workers hired by a firm,k andlet Q represent the firm's quantity of output. Assume twopoints on the firm's production function are (L=12,Q=122) and(L=13, Q= 130). Then the marginal product of the 13th workeris? a. 8 units of output b.10 units of output c. 122 units of output d. 130 units of output Let L represent the number of workers hired by a firm,k andlet Q represent the firm's quantity of output. Assume twopoints on the firm's production function are (L=12,Q=122) and(L=13, Q= 130). Then the marginal product of the 13th workeris? a. 8 units of output b.10 units of output c. 122 units of output d. 130 units of output

Explanation / Answer

Marginal product is the product derived from using each additional worker.130-122=8 and 8/1=8 so the answer is A 8 units of output.

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