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oksano4ka [1.4K]
3 years ago
10

Grace is a self-employed artist. She can make 20 pieces of pottery per week. She is considering hiring her sister Kate to work f

or her. Both she and Kate (together) can make 55 pieces of pottery per week. What is Kate’s marginal product?
Business
1 answer:
riadik2000 [5.3K]3 years ago
6 0

Answer: 30 pieces of pottery

Explanation:

The marginal product could simply be explained as the resulting change in output as a result of employing one more unit of labor (input).

When Kate works alone ; pieces of pottery made = 25 pieces

Output when she employed her sister (Kate) and they work together, output = 55 pieces

Hence, Kate's marginal product ;

55 pieces - 25 pieces = 30 pieces

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