Answered

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A restaurant produces 250 meals per day with five employees. After hiring an additional employee, the restaurant now produces 260 meals per day. Calculate the marginal product of
labor.

A. 2

B. 5

C. 3

D. 260

E. 10

Sagot :

The marginal product is the additional result a company can generate by adding another manufacturer.  Since companies commonly employ labor per hour, and the calculation can be defined as follows:

  • we will determine the marginal revenue product as that of the additional output produced by the business by adding additional worker's hours.
  • The marginal result of employment is essential because in other calculations this is a vital variable.
  • This proportional income per labor (or MRPL), which would be the change in total income (instead of just overall revenue) whenever one additional employee is employed and other variables remain stable.
  • The formula of marginal product labor:

            [tex]\bold{=\frac{260}{250}}\\\\\bold{=\frac{26}{25}}\\\\\bold{=1.04}\\\\[/tex]

So, the final answer is "1.04"

Learn more:

brainly.com/question/1235504

Answer:

10

Step-by-step explanation:

10- change in production

1- change of labor

Divided the two: 10/1

=10

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