A farm can produce 10,000 bushels of wheat per year with 5 workers and 13,000 bushels with 6 workers. The marginal product of the sixth worker for this farm is:

Question

10,000 bushels.


3,000 bushels.


500 bushels.


23,000 bushels.

Answer 1

The marginal product of the sixth worker is the additional output produced by adding the sixth worker.

So, the marginal product of the sixth worker would be:

13,000 bushels - 10,000 bushels = 3,000 bushels

Therefore, the correct answer is 3,000 bushels.