Refer to the table below to answer the following questions.
Table 10.2.1

-Refer to Table 10.2.1 which gives Tania's Teapots' total product schedule.Marginal product of labour reaches its maximum when the number of workers increases from
A)0 to 1.
B)1 to 2.
C)2 to 3.
D)3 to 4.
E)4 to 5

Question

Refer to the table below to answer the following questions.
Table 10.2.1
 
-Refer to Table 10.2.1 which gives Tania's Teapots' total product schedule.Marginal product of labour reaches its maximum when the number of workers increases from
A)0 to 1. 
B)1 to 2. 
C)2 to 3. 
D)3 to 4. 
E)4 to 5

Quizplus · Accepted Answer

The marginal product of labor is the additional output produced by adding one more worker. It reaches its maximum when the increase in output from adding an additional worker is the highest. Without the specific numbers from Table 10.2.1, the general principle is that the marginal product of labor typically increases initially due to specialization and division of labor, but after reaching a peak, it starts to decrease due to factors such as overcrowding or insufficient capital. Since the question does not provide the actual data from the table, the correct answer is inferred based on the typical pattern of the marginal product of labor.

Refer to the Table Below to Answer the Following Questions