Consider a firm that produces car repairs. All inputs are fixed except the number of workers hired to make repairs. The schedule of output as the number of workers changes is : Number of Workers Repairs Completed(per day) Marginal Product ( per day) of that worker 1 3 3 2 9 ? 3 18 9 4 30 12 5 ? 15 6 52 7 7 58 6 8 61 3 What is the Marginal Product (MP) of the 2nd worker ( give a numerical answer)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Consider a firm that produces car repairs. All inputs are fixed except the number of workers hired to make repairs. The schedule of output as the number of workers changes is :

Number of Workers Repairs Completed(per day) Marginal Product ( per day) of that worker

1 3 3

2 9 ?

3 18 9

4 30 12

5 ? 15

6 52 7

7 58 6

8 61 3

What is the Marginal Product (MP) of the 2nd worker ( give a numerical answer)?

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