Table 17-1

-Refer to Table 17-1.The marginal product of the fourth unit of labor is
A)300.
B)75.
C)60.
D)15.

Question

Table 17-1
 
-Refer to Table 17-1.The marginal product of the fourth unit of labor is
A)300. 
B)75. 
C)60. 
D)15.

Quizplus · Accepted Answer

The marginal product of labor is the additional output produced from the addition of one more worker. In this table, we can see that the marginal product of the 4th unit of labor is 60 (found by subtracting the total product of 3 workers from the total product of 4 workers). Therefore, choice C is the best answer.

Table 17-1 -Refer to Table 17-1.The Marginal Product of the Fourth Unit