Table 5.2
-Refer to Table 5.2, which gives a firm's production function. Assume that all non-labor inputs are fixed. The marginal product of the fifth worker is
A) 0 units.
B) 10 units.
C) 25 units.
D) 30 units.

Question

Table 5.2
-Refer to Table 5.2, which gives a firm's production function. Assume that all non-labor inputs are fixed. The marginal product of the fifth worker is
A) 0 units. 
B) 10 units. 
C) 25 units. 
D) 30 units.

Quizplus · Accepted Answer

The marginal product of labor can be found by taking the difference in total product between the current level of labor and the previous level of labor. So, the marginal product of the fifth worker is 50 - 25 = 25 units.

Table 5.2 -Refer to Table 5.2, Which Gives a Firm's Production Function