The following question(s)deal with The Gizmo Company, which has the following production function: $$\begin{array} { | c | c | }
\hline \text { Number of Workers } & \text { Number of Gizmos Produced } \
\hline 0 & 0 \
\hline 1 & 10 \
\hline 2 & 19 \
\hline 3 & 26 \
\hline 4 & 31 \
\hline 5 & 34 \
\hline
\end{array}$$
-The marginal product of the fourth Gizmo worker hired is
A)10.
B)5.
C)3.
D)12.
E)1.

Question

The following question(s)deal with The Gizmo Company, which has the following production function: $$\begin{array} { | c | c | } 
\hline \text { Number of Workers } & \text { Number of Gizmos Produced } \
\hline 0 & 0 \
\hline 1 & 10 \
\hline 2 & 19 \
\hline 3 & 26 \
\hline 4 & 31 \
\hline 5 & 34 \
\hline
\end{array}$$
-The marginal product of the fourth Gizmo worker hired is
A)10.
B)5.
C)3.
D)12.
E)1.

Quizplus · Accepted Answer

The marginal product of the fourth worker is calculated by subtracting the total output before the fourth worker from the total output after the fourth worker is hired. From the table, the total output with 3 workers is 26 gizmos, and with 4 workers, it is 31 gizmos. Therefore, the marginal product of the fourth worker is 31 - 26 = 5 gizmos.

The Following Question(s)deal with the Gizmo Company, Which Has the Following