Table 12-5

-Refer to Table 12-5.The marginal product of the third worker is
A) 1,000 units.
B) 900 units.
C) 700 units.
D) 500 units.

Question

Table 12-5
 
-Refer to Table 12-5.The marginal product of the third worker is
A) 1,000 units. 
B) 900 units. 
C) 700 units. 
D) 500 units.

Quizplus · Accepted Answer

The marginal product of the third worker is the additional output produced when the third worker is hired. If the total output with two workers is X and with three workers is Y, then the marginal product of the third worker is Y - X. Based on the given options, it is 700 units.

Table 12-5 -Refer to Table 12-5.The Marginal Product of the Third Worker