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natulia [17]
3 years ago
8

A wedding planner determines that one waiter can serve 30 guests, two waiters can serve 70 guests, three waiters can serve 120 g

uests, four waiters can serve 160 guests, and five waiters can serve 180 guests. The marginal product of the third waiter is _____ guests.
Business
1 answer:
inna [77]3 years ago
3 0

Answer:

50 guests

Explanation:

Marginal product is the factor of production, which is defined as the change in the output results or consequence from employing one or single unit of a specific unit. It is also acknowledge as the marginal physical productivity.

For example, the change in the output results when the business or the firm increase the labor from 6 to 7. So, 1 would be the marginal product.

So, in this case, the marginal product for the third waiter is 50 guests (120 - 70).

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