katiedavis8190 katiedavis8190

26-07-2021
Business

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Suppose that hiring a third worker at the campus coffee shop increases sales from $115 per hour to $130 per hour. What is the marginal product of labor per hour from adding that third worker

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Parrain Parrain

28-07-2021

Answer: $15 per hour

Explanation:

The marginal product of labor in this instance is the increase in total sales as a result of one additional worker being hired:

= Change in sales/ change in number of workers

= (130 - 115) / 1

= 15/1

= $15 per hour

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