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16 April, 04:07

Kate is a florist. Kate can arrange 20 bouquets per day. She is considering hiring her husband william to work for her. Together kate and william can arrange 35 bouquets per day. What is william's marginal product?

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  1. 16 April, 04:14
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    Marginal product is the addition to the number of goods produced when 1 worker is added to the workforce. In this case one worker will be added to the workforce if William is hired. When will is hired the bouquets per day increase from 20 to 35. This means that the addition to the number of bouquets is 15 (35-20). So When William is hired the number of goods increase by 15 which means William's Marginal product is 15.
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Home » Business » Kate is a florist. Kate can arrange 20 bouquets per day. She is considering hiring her husband william to work for her. Together kate and william can arrange 35 bouquets per day. What is william's marginal product?
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