Please help! The marginal revenue product of the second worker is

Business

1 answer:

Setler [38]3 years ago

8 0

Answer:

The marginal revenue product of the second worker is $150.

Explanation:

This is because when we change from 1 worker to 2 workers, the total product increases by 30 (from 20 when there were 1 worker to 50 when there wew 2 workers).
The value of this extra product, considering that the price of every T-shirt is $5 (marginal revenue of this product) equals $30\times\$5=\$150$ .
This is additional value in dollars that the company has because incuding an extra employee when it changes from oneto two employees.

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