**What is the marginal product of the fourth worker?****The Production Function and Marginal Product**| Number of Workers | Total Output (number of meals served per hour) | Marginal Product of Labor ||-------------------|-----------------------------------------------|---------------------------|| 0 | 0 | - || 1 | 10 | 10 || 2 | 25 | 15 || 3 | 42 | 17 || 4 | 52 | 10 || 5 | 60 | 8 || 6 | 67 | 7 || 7 | 70 | 3 || 8 | 63 | -7 || 9 | 55 | -8 || 10 | 52 | -3 |**Graphs Detailed Explanation:**- **Graph (a): Total Output** - The x-axis represents the number of workers. - The y-axis represents the total output in terms of meals served per hour. - The graph shows an initial increase in total output as the number of workers increases, followed by a plateau and then a decrease.- **Graph (b): Marginal Product of Labor** - The x-axis represents the number of workers. - The y-axis represents the marginal product of labor. - The graph illustrates a rise in marginal product with the initial workers, which then decreases and becomes negative as more workers are added.**Options:**- a. 12- b. 13- c. 14- d. 10The correct answer is **d. 10**, as the marginal product of the fourth worker is 10 meals per hour.

The marginal product(MP) is the change(∆) in output(q) when additional inputs are added in a firm.…

What is the marginal product of the fourth worker? The Production Function and Marginal Product Tetal Output Total output Number (number of meals of workers served per hour) Marginal product of labor 70 s0 30 10 15 15 9 10 Number of workers 30 12 42 Marginal Product of Labor 10 $2

What is the marginal product of the fourth worker? The Production Function and Marginal Product Tetal Output Total output Number (number of meals of workers served per hour) Marginal product of labor 70 s0 30 10 15 15 9 10 Number of workers 30 12 42 Marginal Product of Labor 10 $2

ENGR.ECONOMIC ANALYSIS

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Chapter1: Making Economics Decisions

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Question

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**What is the marginal product of the fourth worker?**

**The Production Function and Marginal Product**

| Number of Workers | Total Output (number of meals served per hour) | Marginal Product of Labor |
|-------------------|-----------------------------------------------|---------------------------|
| 0 | 0 | - |
| 1 | 10 | 10 |
| 2 | 25 | 15 |
| 3 | 42 | 17 |
| 4 | 52 | 10 |
| 5 | 60 | 8 |
| 6 | 67 | 7 |
| 7 | 70 | 3 |
| 8 | 63 | -7 |
| 9 | 55 | -8 |
| 10 | 52 | -3 |

**Graphs Detailed Explanation:**

- **Graph (a): Total Output**

- The x-axis represents the number of workers.
- The y-axis represents the total output in terms of meals served per hour.
- The graph shows an initial increase in total output as the number of workers increases, followed by a plateau and then a decrease.

- **Graph (b): Marginal Product of Labor**

- The x-axis represents the number of workers.
- The y-axis represents the marginal product of labor.
- The graph illustrates a rise in marginal product with the initial workers, which then decreases and becomes negative as more workers are added.

**Options:**
- a. 12
- b. 13
- c. 14
- d. 10

The correct answer is **d. 10**, as the marginal product of the fourth worker is 10 meals per hour.

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