Table 12-3

-Refer to Table 12-3.The marginal product of the fourth worker is
A) 10 units.
B) 60 units.
C) 230 units.
D) 240 units.

Name: Table 12-3 -Refer to Table 12-3.The marginal product of the fourth worker is A) 10 units. B) 60 units. C) 230 units. D) 240 units.
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Question

Table 12-3
 
-Refer to Table 12-3.The marginal product of the fourth worker is
A) 10 units. 
B) 60 units. 
C) 230 units. 
D) 240 units.

Quizplus · Accepted Answer

The marginal product of the fourth worker is the additional output produced when the fourth worker is hired. If the total output with three workers is X and with four workers is Y, then the marginal product is Y - X.

Table 12-3 -Refer to Table 12-3.The Marginal Product of the Fourth Worker