Table 18-1

-Refer to Table 18-1. What is the marginal product of the fourth worker?

Name: Table 18-1 -Refer to Table 18-1. What is the marginal product of the fourth worker?
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Question

Table 18-1
 
-Refer to Table 18-1. What is the marginal product of the fourth worker?

Quizplus · Accepted Answer

The marginal product of the fourth worker is the additional output produced when the fourth worker is hired. If the table shows that the total output increases by 40 units when the fourth worker is added, then the marginal product is 40.

Table 18-1 -Refer to Table 18-1. What Is the Marginal Product of the Marginal