Solved

(Table) Based on the Table, Which Statement Is FALSE A) the Marginal Product of the Third Worker Is 5

Question 88

Multiple Choice

(Table) Based on the table, which statement is FALSE?
 Production in the Short Run  Labor  Total Product 0015213318422525\begin{array}{l}\text { Production in the Short Run }\\\begin{array}{|c|c|}\hline \text { Labor } & \text { Total Product } \\\hline 0 & 0 \\1 & 5 \\2 & 13 \\3 & 18 \\4 & 22 \\5 & 25 \\\hline\end{array}\end{array}


A) The marginal product of the third worker is 5.
B) The marginal product of the fifth worker is 3.
C) The marginal product of the first worker is 0.
D) The marginal product of the second worker is 8.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents