Question #108960

Suppose Anna hires workers to cook hamburgers. If the first​ worker's marginal product is 19 hamburgers​, the second​ worker's marginal product is 32​, and the third​ worker's marginal product is 29​, then the average product of labor is

nothing hamburgers. ​(Enter a numeric response using a real number rounded to one decimal​ place.)

Now suppose Anna hires a fourth worker whose marginal product is above the average. If​ so, then the average product of labor will



decrease

increase

.

Expert's answer

If the first​ worker's marginal product is 19 hamburgers​ that means that only 19 hamburgers are procused. Than when the second worker occurs the marginal product is 32 and it means that both workers produce 32 more hamburgers together, so total amount of hamburgers is 19+32=51.19+32=51. And after the third worker is employed, the total production is 51+29=80.51+29=80.

AProduct=TProduct/LaborAProduct= TProduct/Labor .

AP=80/3=26.66AP = 80/3=26.66

So, the average product of labor is 26.66 .

If the fourth worker's marginal product is above the average, then the average product of labor will increase.

LATEST TUTORIALS
APPROVED BY CLIENTS