Question

Marcus has four employees. The four employees produce 55 floral arrangements in a day. Marcus hires a fifth employee. The five employees produce 60 floral arrangements in a day. The fifth employee's marginal product is __________.

Answer 1

The marginal product of Marcus's fifth employee is 5 floral arrangements per day, which is the additional output produced by this employee compared to when there were only four employees.

Step-by-step explanation:

The question is asking for the fifth employee's marginal product. Marginal product is the additional output generated by adding one more worker. In Marcus's case, his first four employees produce 55 floral arrangements in a day, and after hiring a fifth employee, the team produces 60 floral arrangements. To calculate the fifth employee's marginal product, we subtract the total production with four employees from the total production with five employees.

The marginal product (MP) of the fifth employee is calculated as follows:

MP = Change in total production / Change in number of workers

MP = (Total production with five employees) - (Total production with four employees)

MP = 60 arrangements - 55 arrangements

MP = 5 arrangements

So, the fifth employee's marginal product is 5 floral arrangements per day.