What is the marginal product of labor of the two teachers


Problem

An experiment conducted in Tennessee found that the scores of second graders and third graders on standardized tests for reading, math, listening, and word study skills were the same in small classrooms (13 to 17 students) as in regular classrooms (22 to 25 students). Suppose that there is a school that had 90 third graders taught by four teachers that added two additional teachers to reduce class sizes. If the Tennessee study can be generalized, what is the marginal product of labor (MPL) of these two additional teachers?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

Solution Preview :

Prepared by a verified Expert
Macroeconomics: What is the marginal product of labor of the two teachers
Reference No:- TGS02095069

Now Priced at $15 (50% Discount)

Recommended (97%)

Rated (4.9/5)