Figure: Marginal Product of Labor Figure: Marginal Product of Labor Marginal product of labor (bushels per worker) Quantity of Labor Marginal Product of Labor 19 1 20 16 12 26284 Marginal product 17 2 of labor, MPL 15 3 4- 13 11 0 1 2 3 4 5 6 7 8 Quantity of labor (workers) 6 7 Use Figure: The Marginal Product of Labor. The total product of labor for five workers is 11 75 45 55 bushels.

Figure: Marginal Product of Labor Figure: Marginal Product of Labor Marginal product of labor (bushels per worker) Quantity of Labor Marginal Product of Labor 19 1 20 16 12 26284 Marginal product 17 2 of labor, MPL 15 3 4- 13 11 0 1 2 3 4 5 6 7 8 Quantity of labor (workers) 6 7 Use Figure: The Marginal Product of Labor. The total product of labor for five workers is 11 75 45 55 bushels.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter16: The Markets For Labor, Capital, And Land

Section: Chapter Questions

Problem 17P

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