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

2
2

10
10

53
5 thirds

260

Answer 1

The marginal product of labor (MPL) is calculated by finding the change in output (meals produced) when an additional employee is hired.

Initially, the restaurant produces 250 meals with 5 employees. After hiring an additional employee, the output increases to 260 meals.

To find the marginal product of labor, use the formula:

\[ MPL = \frac{\text{Change in output}}{\text{Change in number of employees}} = \frac{260 - 250}{1} = \frac{10}{1} = 10 \]

So, the marginal product of labor is 10.