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Please help! The marginal revenue product of the second worker is
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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
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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
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