Kate is a florist. Kate can arrange 20 bouquets per day. She is considering hiring her husband William to work for her. Together

Question

4 years ago

14

Kate and William can arrange 35 bouquets per day. What is William's marginal product?a. 55 bouquets b. 35 bouquets c. 22.5 bouquets d. 15 bouquets

1 answer:

Andrew [12] · Answer 1 · 2021-11-24T00:07:54+03:00

Answer:

(d) 15 bouquets

Explanation:

it is given that kate alone can arrange 20 bouquets per day

and it is also given that when Kate and his husband William work together then they arrange 35 bouquets

we have to find the William marginal product

if both together arrange 35 bouquets and Kate alone arrange 20 bouquets it means that 35-20=15 bouquets are arranged by William alone

so the marginal product of William is 35-20=15 so the option will be the correct answer