Consider the following table for a firm.The first column shows the number of units of a variable factor of production employed by the firm.
TABLE 13-2
-Refer to Table 13-2.The marginal product of the 7th unit of the factor is
A)-8.
B)0.
C)8.
D)162.
E)170.

Question

Consider the following table for a firm.The first column shows the number of units of a variable factor of production employed by the firm.
  TABLE 13-2
-Refer to Table 13-2.The marginal product of the 7th unit of the factor is
A)-8. 
B)0. 
C)8. 
D)162. 
E)170.

Quizplus · Accepted Answer

The marginal product is the additional output produced by adding one more unit of a factor. If the 7th unit increases output by 8, then the marginal product is 8.

Consider the Following Table for a Firm