Two workers produce 100 units of output that sell for $4.00 each. Three workers produce 150 units of output that sell for $3.20 each.
-The marginal product of the third workers is:

Question

Quizplus · Accepted Answer

The marginal product of the third worker is the additional output produced by adding the third worker, which is the difference between the total output with three workers (150 units) and the total output with two workers (100 units), resulting in a marginal product of 50 units.

Two Workers Produce 100 Units of Output That Sell for $4.00