-Refer to Table 2.3. The marginal product of the 3rd worker is:
A) 60 units of output.
B) 100 units of output.
C) 40 units of output.
D) 80 units of output.

Question

-Refer to Table 2.3. The marginal product of the 3rd worker is:
A) 60 units of output. 
B) 100 units of output. 
C) 40 units of output. 
D) 80 units of output.

Quizplus · Accepted Answer

The marginal product of the 3rd worker is the difference in output between when there are 2 workers and when there are 3 workers. From the table, we can see that when there are 2 workers, the output is 100 units. When there are 3 workers, the output is 160 units. Therefore, the marginal product of the 3rd worker is 160 - 100 = 60 units of output.