5) At the Punjab Bakery, two workers can decorate 14 cakes in an hour and three workers can decorate 18 cakes in an hour. The marginal product of the third worker is -_ OA) 18 cakes, and the average product for three workers is 6 cakes. OB) 9 cakes and is equal to the average product. OC) 4 cakes, and the average product for three workers is 6 cakes. OD) 32 cakes, and the average product for three workers is 9 cakes. Oa) 6 cakes, and the average product for three workers is also 6 cakes.

To determine the marginal product of the third worker, we need to first calculate the production rates. With two workers, 14 cakes are decorated per hour, which gives an average product of 7 cakes per worker. When a third worker joins and they produce 18 cakes, the average product for three workers becomes 6 cakes (18 cakes/3 workers). Hence, the marginal product of the third worker is only 4 cakes (18 - 14). So, the correct answer is C. Fun fact: The marginal product concept is essential in many fields, like economics and business, as it helps managers decide on hiring and resource allocation. By assessing the productivity of each additional worker, businesses can work towards maximizing efficiency and profit margins! Also, cake decorating has parallels in art and design. Just as a cake may require different skills for icing, fondant, or design, so do various jobs. Balancing these skills among workers ensures each collaboration sparkles, just like a well-decorated cake!