A restaurant produces 250 meals per day with five employees. After hiring an additional employee, the restaurant now produces 260 meals per day. Calculate the marginal product of labor.(1 point)

Question

Responses

260
260

10
10

2
2

53
5 thirds

Answer 1

To calculate the marginal product of labor (MPL), you can use the formula:

\[ \text{MPL} = \frac{\text{Change in Output}}{\text{Change in Labor}} \]

In this scenario:

• The change in output is from 250 meals to 260 meals, which is a change of 10 meals.
• The change in labor is from 5 employees to 6 employees, which is a change of 1 employee.

Now, apply the numbers to the formula:

\[ \text{MPL} = \frac{10 \text{ meals}}{1 \text{ employee}} = 10 \text{ meals per employee} \]

Therefore, the marginal product of labor is 10.