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Sagot :
Answer:
Therefore, we can conclude that:
the marginal product of the third worker is 9.
Explanation:
a) Data and Calculations:
The productivity of first worker = 24
Increase in productivity from second worker = 18
Increase in productivity from third worker = 9
b) The marginal product or productivity of a worker shows the increase in productivity as a result of hiring an additional worker. To obtain the marginal product, we first calculate the change in output as a result of the change in the input of the particular resource. Then, this change in output is the marginal product.
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