Exhibit 10-1 Labor and output data In Exhibit 10-1, the marginal product of the 3rd unit of labor is equal to:

Question

Exhibit 10-1  Labor and output data  In Exhibit 10-1, the marginal product of the 3rd unit of labor is equal to:

Quizplus · Accepted Answer

The marginal product of labor is the additional output produced by adding one more unit of labor, and is calculated by taking the difference between the total output produced with that amount of labor and the total output produced with one less unit of labor. So, the marginal product of the 3rd unit of labor is calculated as (225-190) = 35. Therefore, the answer is C.

Exhibit 10-1 Labor and Output Data in Exhibit 10-1, the Marginal