If the units of variable input in a production process are 1, 2, 3, 4, and 5, and the corresponding total outputs are 30, 34, 37, 39, and 40, respectively. The marginal product of the fourth unit is:

Question

Quizplus · Accepted Answer

The marginal product of the fourth unit is the change in total output when the input increases from 3 to 4 units. It is calculated as 39 (output at 4 units) minus 37 (output at 3 units), which equals 2.

If the Units of Variable Input in a Production Process