A restaurant produces 250 meals per day with five employees. After hiring an additional employee, the restaurant now produces 260 meals per day. Calculate the marginal product of labor.(1 point)
Responses
260
260
53
5 thirds
2
2
10
The marginal product of labor is the additional output produced by hiring one more worker.
In this case, the additional output from hiring one more employee can be calculated as:
260 meals per day - 250 meals per day = 10 meals per day
Therefore, the marginal product of labor is 10 meals per day.