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31 January, 16:25

A local computer manufacturer hires an additional worker and pays $10.00 per hour for an 8-hour day. The worker is capable of assembling 3 computers an hour. The firm sells each computer for $1,500. What is the marginal physical product of this worker?

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  1. 31 January, 19:33
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    Answer: 3 computers per hour

    Explanation: Marginal physical product is the extra output produced by increasing a unit of the variable input keeping other factors constant.

    It could simply be explained as the contribution of the additional variable factor to the total production.

    Here, hiring an additional worker who his capable of assembling 3 computers per hour means a plus 3 increase in total production per hour.
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Home » Business » A local computer manufacturer hires an additional worker and pays $10.00 per hour for an 8-hour day. The worker is capable of assembling 3 computers an hour. The firm sells each computer for $1,500.
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