a company produces reuseable water bottles. their technology allows one worker to produce 10 water bottles in an hour. hiring a second worker would allow them to produce 16 total water bottles in an hour and three workers can produce 18 total water bottles. what is the marginal benefit of hiring the second worker?

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08-09-2022
Business

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a company produces reuseable water bottles. their technology allows one worker to produce 10 water bottles in an hour. hiring a second worker would allow them to produce 16 total water bottles in an hour and three workers can produce 18 total water bottles. what is the marginal benefit of hiring the second worker?

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khuranashilpa76 khuranashilpa76 · Answer 1 · 2022-09-11T21:36:51+02:00

The marginal benefit of hiring the second worker is 6 units,.

Marginal gain is the maximum amount a patron will pay for one extra exact or service. Marginal gain usually decreases as intake increases. The marginal price of production is the change in value for making one extra right or incremental unit of the carrier.

In economics, utility is the pride or advantage derived by using ingesting a product. The marginal software of an amazing provider describes how an awful lot of satisfaction or delight is received by customers because of the growth or decrease in intake via one unit. There are three varieties of marginal software.

The marginal product of n the worker =total output of n workers - the total output of n-1 workers

MP(n)=TP(n)-TP(n-1)

MP(2)=16-10=6 units

The marginal benefit of hiring the second worker is 6 units

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