Let L represent the number of workers hired by a firm, and let Q represent that

Question

Let L represent the number of workers hired by a firm, and let Q represent that firm's quantity of output. Assume two points on the firm's production function are (L = 5, Q = 125) and (L = 6, Q = 162). Then the marginal product of the 6th worker is Answer a. 37 units of output. b. 25 units of output. c. 27 units of output. d. 162 units of output. Let L represent the number of workers hired by a firm, and let Q represent that firm's quantity of output. Assume two points on the firm's production function are (L = 5, Q = 125) and (L = 6, Q = 162). Then the marginal product of the 6th worker is 37 units of output. 25 units of output. 27 units of output. 162 units of output. a. 37 units of output. b. 25 units of output. c. 27 units of output. d. 162 units of output.

Explanation / Answer

162-125=37
a) 37 units of output

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