The marginal product of the second worker, given the number of workers and the computer chips produced is 150 computer chips.
The marginal product of production is simply the additional amount that an additional worker is able to produce. In other words, the marginal product refers to how much units another worker is able to produce when they were employed by the firm.
The marginal product is important for analysis in a firm because it shows whether it is still profitable to keep hiring new workers. As long as the marginal product is positive, then it is advantageous to hire new workers.
The marginal product for computer chips in this instance, can be calculated as:
= Production quantity of computer chips with 2 workers - Production quantity of computer chips with 1 worker
Solving for the marginal product of the second worker gives:
= 250 - 100
= 150 computer chips
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