Answer the question on the basis of the following information.A farmer who has fixed amounts of land and capital finds that total product is 24 for the first worker hired;32 when two workers are hired;37 when three are hired;and 40 when four are hired.The farmer's product sells for $3 per unit and the wage rate is $13 per worker. Refer to the given information.The marginal product of the second worker is:
A) 24.
B) 8.
C) 5.
D) 1.

Question

Quizplus · Accepted Answer

To calculate the marginal product of the second worker, we need to find the additional output produced when the second worker is hired. 
Marginal product of the second worker = Total product with two workers - Total product with one worker
= 32 - 24
= 8 units

Therefore, the answer is B) 8.

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