Concept explainers
Marginal productivity. An employee’s monthly productivity, M, in number of units produced, is found to be a function of the number of years of service, t For a certain product, the productivity function is given by
a. Find the productivity of an employee after 5 yr, 10 yr, 25 yr, and 45 yr, of service
b. Find the marginal productivity.
c. c) Find the marginal productivity at
d. d) Explain how an employee’s marginal productivity might be related to experience and to age.
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