The following table shows the total output produced in a factory at various levels of employment of labor. The firm sells each unit of output at $2 and each worker is paid a wage of $32.
Table 5-1
$\begin{array} { | c | c | }
\hline \begin{array} { c }
\text { Number of } \
\text { workers }
\end{array} & \text { Total output } \
\hline 1 & 8 \
\hline 2 & 18 \
\hline 3 & 30 \
\hline 4 & 41 \
\hline 5 & 50 \
\hline 6 & 56 \
\hline 7 & 60 \
\hline 8 & 61 \
\hline 9 & 62 \
\hline
\end{array}$
-Refer to Table 5-1. What is the marginal product of the 5th worker?
A) 9 units
B) 2 units
C) 8 units
D) 6 units
E) 11 units

Question

The following table shows the total output produced in a factory at various levels of employment of labor. The firm sells each unit of output at $2 and each worker is paid a wage of $32.
Table 5-1
 $\begin{array} { | c | c | } 
\hline \begin{array} { c } 
\text { Number of } \
\text { workers }
\end{array} & \text { Total output } \
\hline 1 & 8 \
\hline 2 & 18 \
\hline 3 & 30 \
\hline 4 & 41 \
\hline 5 & 50 \
\hline 6 & 56 \
\hline 7 & 60 \
\hline 8 & 61 \
\hline 9 & 62 \
\hline
\end{array}$
-Refer to Table 5-1. What is the marginal product of the 5th worker?
A) 9 units
B) 2 units
C) 8 units
D) 6 units
E) 11 units

Quizplus · Accepted Answer

The marginal product of the 5th worker is the additional output produced when the 5th worker is hired. It is calculated as the difference in total output between 5 and 4 workers: 50 - 41 = 9 units.

The Following Table Shows the Total Output Produced in a Factory