Calculating the Marginal Product of Labor
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Emily draws cartoons that she sells to her classmates. Her average product of labor is five cartoons per hour if she works for one hour, four per hour, if she works for two hours, three per hour if she works for 3 hours, and two and a half per hour if she works for four hours. What is her marginal product of labor at one, two, three, and four hours of work?
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Solution Summary
Given figures for a cartoonist's average output, this solution shows how to calculate her Marginal Product of Labor (MPL).
Solution Preview
Her total output is her average output times the number of hours that she works. Her Marginal Product of Labor (MPL) is the additional total output that she ...
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