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13 March, 01:21

Barney builds custom wooden birdhouses. he can make 150 birdhouses per month and sell them for $50 each. his average total cost is $30 per birdhouse. refer to scenario 13-16. barney is considering hiring his best friend fred to work for him. fred can build 125 birdhouses per month. if barney hires fred, what will be the monthly marginal product

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  1. 13 March, 04:06
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    125 birdhouses per month

    Explanation:

    Barney=150 birdhouses

    Total product=150 birdhouses

    If Barney hires Fred

    Fred = 125 birdhouses

    Total product=150+125

    =275 birdhouses

    Marginal product can be defined as a change in output as a result of a change in variable inputs

    It can be calculated as follows

    Marginal product=change in total product/change in variable inputs

    =275-150/1

    =125/1

    =125 birdhouses per month
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Home » Business » Barney builds custom wooden birdhouses. he can make 150 birdhouses per month and sell them for $50 each. his average total cost is $30 per birdhouse. refer to scenario 13-16. barney is considering hiring his best friend fred to work for him.
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