Exhibit 7-13 The Total Product of Labor 
-Given the information in Exhibit 7-13, what is the marginal product of the third unit of labor?
A) slightly less than 2 units of output but more than 1.5 units of output
B) less than the marginal product of the second unit of labor
C) more than the marginal product of the second unit of labor
D) more than the marginal product of the fourth unit of labor
E) cannot be determined from the graph of total product
Correct Answer:
Verified
Q208: Exhibit 7-14 Total Cost Curve 
Q209: Exhibit 7-13 The Total Product of Labor
Q210: Exhibit 7-14 Total Cost Curve
Q211: Exhibit 7-15 Long and Short-Run cost of
Q212: Exhibit 7-15 Long and Short-Run cost of
Q214: Exhibit 7-14 Total Cost Curve
Q215: Exhibit 7-15 Long and Short-Run cost of
Q216: Exhibit 7-13 The Total Product of Labor
Q217: Exhibit 7-15 Long and Short-Run cost of
Q218: Exhibit 7-14 Total Cost Curve
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