Table 18-5

-Refer to Table 18-5.What is the marginal product of the fourth worker?

Question

Table 18-5
 
-Refer to Table 18-5.What is the marginal product of the fourth worker?

Quizplus · Accepted Answer

The marginal product of labor is the additional output that is produced when one more unit of labor is added while holding all other inputs constant. In this case, the marginal product of the fourth worker is the difference between the total product of four workers and the total product of three workers: 160 - 120 = 40. Therefore, the answer is B.

There is no option for the best choice(s) provided in the question, so it cannot be answered.

Table 18-5 -Refer to Table 18-5.What Is the Marginal Product of the Marginal