# The table below shows the quantity of workers and total output for a local pizza parlor. What is...

## Question:

The table below shows the quantity of workers and total output for a local pizza parlor.

Quantity of Workers | Total Output |
---|---|

0 | 0 |

1 | 3 |

2 | - |

3 | 17 |

4 | 22 |

5 | 26 |

6 | 24 |

What is the marginal product of the fifth worker? Answer must be a whole number. Show your complete solution.

## Marginal Product of Labor:

The marginal product of labor is the change in the total output realised when a firm hires an additional unit of a worker. The marginal product of labor diminishes as the firm hires more and more units of labor or workers.

## Answer and Explanation:

Become a Study.com member to unlock this answer! Create your account

View this answerSee full answer below.

#### Ask a question

Our experts can answer your tough homework and study questions.

Ask a question Ask a question#### Search Answers

#### Learn more about this topic:

from

Chapter 3 / Lesson 49Understand the meaning of marginal product of labor. Learn the marginal product of labor (MPL) formula, its significance, and how to calculate MPL with examples.

#### Related to this Question

- The table below shows the quantity of workers and total output for a local pizza parlor. If the marginal product of the second worker is 6, then what is the total number of pizzas produced when 2 workers are hired? Show your complete solution.
- The table below shows the quantity of workers and total output for a local pizza parlor. Assuming the marginal product of the second worker is 6, the law of diminishing marginal returns set in with the A) sixth worker hired. B) fifth worker hired. C) f
- The table below shows the quantity of workers and total output for a local pizza parlor. When the owner hires 4 workers, what is the average product of labor? Round your answer to two decimal places. Show your complete solution.
- The following table shows the quantity of workers and total output for a local pizza shop. Use the table below to answer the following questions. a When the owner hires 4 workers, what is the average
- Number workers (daily) Total Revenue ($) 3 1,350 4 1,580 5 1,760 6 1,885 7 1,965 7. Refer to the table above. a. What is the marginal product of labor for the fifth worker? (1 pt.) b. If the market w
- Consider the following table. What is the total output when 1 worker is hired? | Number of Workers | Total Output | Marginal Product | 0 | 0 | -- | 1 | | 30 | 2 | | 45 | 3 | | 60 | 4 | | 50 | 5 | | 40
- Consider the following table. What is the total output when 4 workers are hired? | Number of Workers | Total Output | Marginal Product | 0 | 0 | -- | 1 | | 30 | 2 | | 45 | 3 | | 60 | 4 | | 50 | 5 | | 40
- Question 9 Quantity of Labor Total Output 0 0 1 12 2 22 3 30 4 36 5 40 6 43 7 44 Referring to the table, the marginal product of the 5th worker is: a) 3 b) 4 c) 8 d) 40 Quantity of Gadgets Produ
- Using the table below, answer the following questions. a. Complete the table, filling in the answers for marginal and average products. b. Over how many workers is the firm enjoying increasing returns? c. At what number of workers do diminishing return
- What is total output when 5 workers are hired a 90 b 10 c 225 d 185 Number of Workers Total Output Marginal Product 00 130 245 3 60 4 50 5 40
- Suppose Claire hires workers to cook pizzas.The table below shows how many pizzas can be produced with various quantities of labor. Calculate the marginal product of labor. (Round answer to one decima
- Use the following table to answer the questions that follow. Answer the question below: Workers Total Product (output) Marginal Product Product Price $ Total Revenue Hour $ Marginal Revenue Product P
- Complete the table below. A worker costs $96 a day and the firm has fixed costs of $200. Round your answers to 1 decimal. What is the marginal product of labor of the 3rd worker? Show your work.
- Complete the table below. A worker costs $96 a day and the firm has fixed costs of $200. Round your answers to 1 decimal. What is the marginal product of labor of the 7th worker? Show your work.
- Consider the following table. At which number of workers does diminishing marginal product begin? | Number of Workers | Total Output | Marginal Product | 0 | 0 | -- | 1 | 300 | | 2 | 500 | | 3 | 600 | | 4 | 650 |
- Complete the missing portion of the production table below: Quantity of Labor Quantity of Capital Marginal Product of Labor Average Product of Labor Total Product of Labor 0 5 _____ _____ _____ 1 5 5
- Consider the following table. What is the marginal product of the third worker? | Number of Workers | Total Output | Marginal Product | 0 | 0 | -- | 1 | 300 | | 2 | 500 | | 3 | 600 | | 4 | 650 |
- Quantity of Workers Total Product Average Product Marginal Product 0 0 1 3 2 7 3 12 4 16 5 18 6 18 In the above table, the average product for 5 workers and the marginal product of the 5
- The following table shows the total output produced in a factory at various levels of employment of labor. The firm sells each unit of output at $2 and each worker is paid a wage of $32. According to this table, what is the marginal product of the 5th wor
- Use the following to answer questions 1 and 2 Number of Workers Total Product Product Price 0 0 5 00 1 10 4 75 2 18 4 25 3 26 3 75 What is the marginal product of the third worker
- The table given below shows the total revenue and total cost of producing a commodity. \\ In the table above, the marginal cost of producing the sixth unit of output is equal to {Blank}. \\ A. $500 B. $600 C. $300 D. $200 E. $700
- The marginal product of labor (MPL) is: a) total output divided by the number of workers employed b) the change in total output attributed to employing an additional worker c) the change in total output attributed to producing an extra unit of a good d) t
- 1. Refer to the table below. At what level of employment is the marginal product of labor 5? A. 7 B. 5 C. 2 D. 4 Number of Workers Total Output 1 2 2 5 3 9 4 14 5 18 6 21 7 23 8 24 9 24 10 22 2.
- Use the following table, which shows a firm's production, output price, and various quantities of labor (workers) employed, to answer the next question. What is the marginal revenue product of the fif
- Consider the following table. What is the marginal product of the first worker? | Number of Workers | Total Output | Marginal Product | 0 | 0 | -- | 1 | 300 | | 2 | 500 | | 3 | 600 | | 4 | 650 |
- 1) Using the table above, solve for and graph the total product, marginal product, and average product curves. How would your graphs change if total output were a linear function of labor (e.g. Y = 50
- Complete the table below. A worker costs $96 a day and the firm has fixed costs of $200. Round your answers to 1 decimal. What are the total costs for 6 workers? Show your work.
- The marginal product of labor (MP) is A) total output divided by the number of workers employed B) the change in total output attributed to employing an additional worker C) the change in total output attributed to producing an extra unit of a good D) to
- Use the following table to answer the question below: The amount of total output produced from various combinations of labor and capital. Units of Capital Units of Labor 1 2 3 4 1 20 36 48 53 2 38 68 88 94 3 53 94 122 133 4 63 112 148 164 5 68 120 164 1
- The table below shows the total production of a firm as the quantity of labor employed increases. The quantities of all other resources employed are constant. a) Compute the marginal and average produ
- Suppose you are the owner of a pizza restaurant operating in a competitive market. Your cost of production is given by TC (Q)= 500+9Q-7/2Q^2+1/3Q^3, where Q is the number of pizzas and TC is the total
- Diminishing marginal returns in a frozen pizza company means that: a. hiring additional workers cause the total output of pizza to fall. b. hiring additional workers does not change the total output of pizza produced. c. hiring additional workers adds
- a) What number of workers appears to be most efficient in terms of pizza product per worker? b) What number of workers appears to minimize the marginal cost of pizza production assuming that each pizza worker is paid $500 per week?
- Complete the table below. A worker costs $96 a day and the firm has fixed costs of $200. Round your answers to 1 decimal. What is the average total cost for 4 workers? Show your work.
- show working production function: q = 6l 0.5l2 where q = number of car washes per hour and l = number of workers. a) generate a schedule showing total product, average product and marginal product.
- The table below shows the total production of a firm as the quantity of labor employed increases. The quantities of other resources employed are constant. (a) Compute the marginal and average produc
- Calculate the marginal product of the 4th. Lisa has a lawn-mowing business. Lisa hires students to mow the lawns. Her workers go from property to property in the summer, mowing lawns. The table below sets out Lisa's total product schedule (i.e. output ver
- If a firm hires another worker and her marginal product of labor is 0 (zero), we know that the firm's total output is.
- Refer to the table below to answer the following question. Refer to the table which gives Tania's total product schedule. The marginal product when the firm increases the number of workers from 3 to 4 per day is A) 6 teapots B) 2 teapots. C) 4 teapots.
- The following table gives the marginal product schedule of labor. It is also given that the total product of labor is zero level of employment. Calculate the total and average product schedules of labor.
- The graph below shows the marginal revenue product of labor. a. How many units of labor will the firm hire at a wage of $3? b. What is the marginal revenue product of the 3rd unit of labor? c. Diminishing marginal product begins with the addition of what
- Marginal product is: a. the change in total product divided by the change in the quantity of labor b. total product divided by the quantity of labor c. always positive d. unrelated to total product
- The marginal product of labor is a. the average number of units produced by each worker. b. the additional output produced when another worker is hired. c. a worker's weekly production. d. the total number of units each worker is capable of producing.
- The following table gives the average product schedule of labor. Find the total product and marginal product schedules. It is given that the total product is zero at zero level of labor employment.
- The following table shows the total output each week of workers on a perfectly competitive cherry farm. The equilibrium price of a pound of cherries is $4. Complete the Marginal Product of Labor and the Marginal Revenue Product of Labor columns in the tab
- According to the table above, the marginal revenue product of the: a. fourth worker is $68. b. third worker is $3. c. fifth worker is $3. d. second worker is $12. e. first worker is $3.
- If the total product of two workers is 80 and the total product of 3 workers is 90, then the average product of the third worker is _____ and the marginal product of the third worker is _______.
- The table below presents estimates of the maximum levels of output possible with various quantities of labor input. Assume that a unit of output sells for $10. What is the marginal revenue product (MRP) of labor when L = 5? (The answer should be a whole n
- Compute Total Output, Marginal Product of Variable Input, and Average Product of Variable Input according to the Quantity of Variable Input in the given table.
- If each extra worker produces an extra unit of output, how do the total product of labor, the average product of labor, and the marginal product of labor vary with the number of workers?
- For the production function fill in the following table and state how much the firm should produce so that: (a) Average product is maximized (b) Marginal product is maximized (c) Total product is maximized (d) Average product is zero
- According to the table above, if the wage rate is $9 per hour, what is the total revenue generated when a firm hires the optimal number of workers? a. $3 b. $9 c. $15 d. $45 e. $51
- The marginal physical product of labor employed in pizza production is 8 pizzas per hour. The price of pizzas is $10 per pie. The marginal revenue product of an hour of labor used in pizza production is: a. $8.00 b. $10.00 c. $2.00 d. $0.80 e. $80.00
- The following table shows the total output each week of workers on a perfectly competitive cherry farm. The equilibrium price of a pound of cherries is $4. Complete the Marginal Product of Labor and t
- Based on the chart below calculate the marginal product of labor (MPL) for the 50th hour worked. labor hours Total product(output) 48 550 49 575 50 590 Marginal product of labor for the 50th hour wor
- Use the Marginal Product Table to answer the following questions: Assume these output numbers represent one year of employment |Labor |Total production |Marginal Production|MRP |0|0| | |1|100| | |2|
- What is the marginal product of the 5th? Lisa has a lawn-mowing business. Lisa hires students to mow the lawns. Her workers go from property to property in the summer, mowing lawns. The table below sets out Lisa's total product schedule (i.e., output vers
- The table gives the total product schedule of workers who harvest corn. Diminishing marginal returns begin when the [{Blank}] is hired. A) 1st labourer. B) 2nd labourer. C) 3rd labourer. D) 4th labourer. E) There are no diminishing marginal returns
- Given that the current wage is $80 and the price of output (Q) is equal to $3.00, complete the table. Then answer the following: How many workers will the firm hire to maximize profits? What are the maximum profits? Explain why the firm doesn't hire one l
- Paul s Pizza Parlor bakes pizza pies according to the following production function: Q = 3L + 0.3L^2 - 5L^3. The labor costs $6 and pizza sells for $10. What is the marginal product of labor? How much L to use to maximize the marginal product of labor?
- Complete the marginal revenue product part of the following labor demand table. |Units of labour|Total Product|Marginal Product|Product ($)|Total revenue ($)|Marginal revenue product ($) |0|0| |2| | |
- In the table below, calculate the marginal product of labor when each unit of labor is hired. At what unit of labor does diminishing marginal returns set in?
- In the case of one variable input, complete the following table and explain whether this production function exhibits diminishing marginal product of labor.
- Consider the following table: a) Fill in the final column. b) At which number of workers does diminishing marginal product begin?
- Complete the following table. The price of the good is $8 per unit. After completing the table, indicate how many units of labor you would hire if a) the Marginal Factor Cost = $600 per unit and b) th
- Refer to the table below to answer the following questions. 1. Calculate the marginal revenue for the second unit of output. 2. Calculate the marginal revenue for the third unit of output. 3. Calculate the marginal revenue for the fourth unit of output. 4
- A purely competitive firm faces the marginal product schedule shown in the table below. The price of the product is $25 and the wage rate is $300 per worker. Calculate the marginal revenue product and complete the table. [TABLE] The firm should hire: A. 1
- Suppose that a firm is currently employing 10 workers, the only variable input, at a wage of $100. The average physical product of labor is 25, the last worker added 10 units to the total output, and the total fixed cost is $5,000. What is the marginal co
- The table below refers to the relationship between the quantity of workers employed and the number of computers produced per day in a company. a. Fill in the blanks in the table, b. Discuss the relationship between the marginal revenue product of labor an
- Refer to Table 13-2. What is the total output of five workers?
- According to the table, if the wage rate is $9 per hour, what is the total revenue generated when the firm hires the optimal number of workers? Number of Workers: 0 1 2 3 4 5 Output per Hour 0 7 12 15
- The amount of output a firm can produce with a given quantity of fixed and variable inputs is called: A) Total fixed product. B) Average variable product. C) Marginal product. D) Total product.
- Let L represent the number of workers hired by a firm, and let Q represent that firm's quantity of output. Assume two points on the firm's production function are (L = 5, Q = 120) and (L = 8, Q = 180). Then the marginal product of the 8th worker is - 20
- Refer to the accompanying table to answer the questions that follow. If the price of output is $5, what is the value of the marginal product of labor for the third worker? A) $30 B) $38 C) $40 D) $190
- Complete the table by calculating physical capital per worker as well as labor productivity. Hint: Recall that productivity is defined as the amount of goods and services a worker can produce per hour
- The table below provides information on the production of a product that requires one variable input. 1. There are increasing marginal returns through the A. first worker. B. second worker. C. third worker. D. fourth worker. E. fifth worker. 2. Diminishin
- # of workers Units of output 0 0 1 40 2 90 3 126 4 150 The marginal product of the third worker is (Please Explain Answer) A. discrete production function. B. production function. C. continuous p
- Suppose your business is currently 750 workers, the only variable input, at a wage rate of $48. The average product of labor is 96, the last worker added 6 units to total output, and total fixed cost
- Use the production function below to answer the following questions: A) Calculate marginal productivity (MP) and put this in the table. B) At what level of employment does diminishing marginal product
- The following table depicts the number of boxes of strawberries that can be picked in an hour with varying amounts of labor. Calculate marginal revenue product (MRP) and answer two questions about hir
- Suppose a firm increases the quantity of labour employed from 5 to 6 workers and total output increases from 100 units to 400 units. The marginal product of the sixth worker is? A) 50 units. B) 100 units. C) 200 units. D) 300 units. E) 66.67 units.
- The following table shows the relationship between workers and output for a small factory in the short run, with capital held constant. Find the marginal product of labor (MP_L). |Workers|Output|$$MP_L$$ |0|0|- |1|40| |2|88| |3|141| |4|183| |5|201|
- Use the following table to answer the questions. # Units Produced Total Revenue Total Costs 0 0 0 1 100 50 2 180 110 3 250 180 4 290 270 5 310 380 a) What is the marginal revenue of producing the 2nd
- Complete the following production table, where L is labor, TP is total product, MPL is the marginal product of labor, and APL is the average product of labor. L TP MPL APL 0 1 2 2 4 3 1 2 4 4
- A firm is using 10 workers, and their average product is 200 units. Suppose the marginal product of labor is 250 units. In answering the questions below, explain your answers briefly. How much output
- The marginal revenue product of labor is the A. addition to total revenue when the firm produces and sells an extra unit of output. B. amount produced per worker per time period. C. change in total output that is produced when one extra worker is employed
- A firm is operating in the range of production where the law of diminishing returns has set in. The firm's total product when 10 units of labor are employed is 50. The marginal product of 11th unit of labor is 4. What is the firm's total product when 11 u
- Show and discuss the relationship between: total product, average product, and marginal product using a two panel diagram. Why do the marginal product of labor and the average product of labor have t
- The table below presents estimates of the maximum levels of output possible with various quantities of labor input. Assume that a unit of output sells for $10. What is the marginal product of labor when L = 3?
- Suppose that labor is the only input used by a perfectly competitive firm. The firm's production function is as follows: (TABLE). Calculate the marginal product for each additional worker.
- In the table below, calculate the marginal physical product of each successive worker. __Short-run production function__ |Labor input (workers per day)|0|1|2|3|4|5|6|7|8 |Output (pairs of jeans per day)|0|5|34|44|48|50|51|51|47 |Marginal physical product|
- Terri runs a rose farm. The table shows part of Terri's total product schedule. Construct Terri's marginal product and average product schedules. Complete the table. Terri's marginal returns increase for: A. all workers B. no workers C. third worker only
- Consider the following information in the table for Pat's Pizza Restaurant and answer the questions below by using the cost minimization rule that takes into account the marginal product per dollar of inputs of production. 1. Is the owner of Pat's Pizza
- 1. TPL= - L3+ 8 L2+ 187 L MPL= - 3 L2+ 16 L +187 a. How many units of labor (L*) or the number of laborers should the firm hire to maximize output (TPL) b. What is the total amount of output (TPL)
- The following table is for a purely competitive market for resources. |Number of workers| Total product| Product price ($) |0| 0| 3 |1| 16| 3 |2| 26| 3 |3| 34| 3 |4| 40| 3 |5| 44| 3 a. What is the marginal product (MPN) for the second worker? b. What is t
- You have been hired to manage a small manufacturing facility whose cost and production data are given in the table below. (Part A) What is the marginal product of the second worker? (Part B) What is the marginal revenue product (MRP) of the fourth worke
- The addition to total output resulting from using one more unit of a productive resource is the a. average product. b. marginal input. c. total product. d. marginal product.
- Output (units)0 1 2 3 4 5 Total Revenue ($)0 9 16 21 27 31 Total Cost ($)10 12 15 19 26 35 At optimal output, the firm described in Table 8-1 sells its output at a price of $6.25. $7. $5.40. $8.
- Consider the following table. What is the marginal cost of producing the fifth unit of output? | Quantity of Output | Fixed Cost | Variable Cost | 0 | $20| $0 | 1 | $20 | $10 | 2 | $20 | $40 | 3 | $20 | $80 | 4 | $20 | $130 | 5 | $20 | $200 | 6 | $2
- Use Table 2 to answer questions Suppose the output price is $3. If the firm represented in the table is maximizing its profit by hiring six workers, what is the wage rate?