Your enterprising uncle opens a sandwich shopthat employs 7 people. The employees are paid$12 per hour, and a sandwich sells for $6. If youruncle is maximizing his profit, what is the value ofthe marginal product of the last worker he hired?What is that worker’s marginal product?

Principles of Economics 2e
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ISBN:9781947172364
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Chapter7: Production, Costs, And Industry Structure
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Your enterprising uncle opens a sandwich shop
that employs 7 people. The employees are paid
$12 per hour, and a sandwich sells for $6. If your
uncle is maximizing his profit, what is the value of
the marginal product of the last worker he hired?
What is that worker’s marginal product?

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