Table 13-1

-Refer to Table 13-1.What is the marginal product of the third worker?
A) 80 units
B) 60 units
C) 40 units
D) 20 units

Question

Table 13-1
 
-Refer to Table 13-1.What is the marginal product of the third worker?
A) 80 units 
B) 60 units 
C) 40 units 
D) 20 units

Quizplus · Accepted Answer

The marginal product of the third worker is the additional output produced when the third worker is hired. This can be found by subtracting the total output produced by two workers from the total output produced by three workers. In this case, the total output produced by two workers is 120 units (60 + 60) and the total output produced by three workers is 180 units (60 + 60 + 60), so the marginal product of the third worker is 180 - 120 = 60 units. Therefore, the best choice is B) because it correctly identifies the marginal product of the third worker.

Table 13-1 -Refer to Table 13-1.What Is the Marginal Product of the Marginal