227k views
1 vote
Please help! The marginal revenue product of the second worker is

Please help! The marginal revenue product of the second worker is-example-1
User Hbin
by
7.8k points

1 Answer

3 votes

Answer:

The marginal revenue product of the second worker is $150.

Step-by-step explanation:

  • This is because when we change from 1 worker to 2 workers, the total product increases by 30 (from 20 when there were 1 worker to 50 when there wew 2 workers).
  • The value of this extra product, considering that the price of every T-shirt is $5 (marginal revenue of this product) equals
    30*\$5=\$150.
  • This is additional value in dollars that the company has because incuding an extra employee when it changes from oneto two employees.
User Panoet
by
8.4k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.