What is the marginal product of labor


Question:

Emily draws cartoons that she sells to her classmates. Her average product of labor is five cartoons per hour if she works for one hour, four per hour, if she works for two hours, three per hour if she works for 3 hours, and two and a half per hour if she works for four hours. What is her marginal product of labor at one, two, three, and four hours of work?

Solution Preview :

Prepared by a verified Expert
Microeconomics: What is the marginal product of labor
Reference No:- TGS02086521

Now Priced at $20 (50% Discount)

Recommended (99%)

Rated (4.3/5)