A small-scale garment factory operates in the short run with a fixed quantity of equipment and variable labor (). When tailors are employed, total output () is shirts per day. When tailors are employed, total output rises to shirts per day, and when tailors are employed, total output reaches shirts per day. What is the marginal product () of the tailor?
Cevap: 11 shirts
Cevap
11 shirts
The marginal product of the 5th tailor is calculated as the change in total product divided by the change in labor units: shirts per day.
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Marginal Product Calculation
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