-For the total product curve shown in Figure 7-3,the marginal product of hiring the fifth unit of labor is
A)200
B)50
C)20
D)1,000

Question

-For the total product curve shown in Figure 7-3,the marginal product of hiring the fifth unit of labor is
A)200 
B)50 
C)20 
D)1,000

Quizplus · Accepted Answer

The marginal product of labor is the additional output produced by hiring one more unit of labor. If the total product curve shows that the output increases by 20 units when the fifth unit of labor is hired, then the marginal product is 20.

-For the Total Product Curve Shown in Figure 7-3,the Marginal