Jefferson's Cleaners -Based on the Above Table, What Is the Marginal Product

question 22

Multiple Choice

Jefferson's Cleaners

-Based on the above table, what is the marginal product of the 6th worker hired at Jefferson's Cleaners?

• A) 10 suits per day
• B) 11 suits per day
• C) 14 suits per day
• D) 84 suits per day

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Definitions:

Households

The consuming units in an economy.

Factors Of Production

The inputs used in the creation of goods or services; traditionally includes land, labor, capital, and entrepreneurship.

Capital

Funds or financial assets leveraged by companies to fund their operations and grow their businesses.

Profit

The earnings obtained when the income generated from business operations is higher than the expenses, costs, and taxes required for these operations.