Question

The production function expressed in the table below represents the amount of hot dogs Hot Dog on a Stick makes during a lunch hour based on the number of workers. Calculate the marginal product of the 8th worker.

# of Workers 7 8 9 10

Hot Dogs Produced 83 97 110 107

Answer 1

No. of Workers	Total Product	Marginal Product
7	83
8	97	14
9	110	13
10	107	-3

Calculate the marginal product of the 8th worker.

The marginal product of 8^th worker is 14.

Marginal product is the difference between the total product when the producer implements one more additional number of worker. At the 7^th number of labor the total product is 83 and when the producer increases one more additional labor (8^th number of worker), the total product increases to 97. It otherwise means the product produced by the 8^th number of worker is 14 units (97 – 83).

Hence, the marginal product of 8^th number of worker is 14 units.