A Firm's Total Product of Labour Curve Is Represented by the Following

question 51

Essay

A firm's total product of labour curve is represented by the following data: one worker can produce 4 units of output; two workers, 10 units; three workers, 17 units; four workers, 25 units; five workers, 30 units; six workers, 35 units; seven workers, 38 units; eight workers, 39 units; and nine workers, 38 units. What is the marginal product of the seventh worker? When does the law of diminishing marginal product set in? Under these circumstances would you ever choose to employ nine workers?

---

Definitions:

Personnel Files

Documents and records kept by an employer that contain employment history, performance evaluations, and other relevant information about an employee.

Principled Level

A standard or level of behavior based on adhering to explicit principles, values, or ethics.

Moral Development

The process of developing ethical principles and a sense of right and wrong behavior, often discussed in the context of psychological and educational theory.

Abusive Working Environment

A workplace scenario characterized by harmful and offensive practices, where employees may experience physical, emotional, or psychological abuse.