Exhibit 11-2 Labor and output data $$\begin{array} { | c | c | }
\hline \text { Labor } & \text { Output } \
\hline 0 & 0 \
1 & 20 \
2 & 45 \
3 & 80 \
4 & 100 \
5 & 110 \
\hline
\end{array}$$
-In Exhibit 11-2, the marginal product of the 3rd unit of labor is equal to:

Question

Exhibit 11-2 Labor and output data $$\begin{array} { | c | c | } 
\hline \text { Labor } & \text { Output } \
\hline 0 & 0 \
1 & 20 \
2 & 45 \
3 & 80 \
4 & 100 \
5 & 110 \
\hline
\end{array}$$
-In Exhibit 11-2, the marginal product of the 3rd unit of labor is equal to:

Quizplus · Accepted Answer

The marginal product of the 3rd unit of labor is the additional output produced when the 3rd unit of labor is added, which is 80 - 45 = 35.

Exhibit 11-2 Labor and Output Data -In Exhibit 11-2, the Marginal Product of the 3rd Unit