Table 7.5

$$\begin{array} { | c | c | c | }
\hline \text { Labor } & \text { Total Froduct } & \text { Marginal Product } \
\hline 1 & 2 & 2 \
\hline 2 & 6 & \mathrm {~A} \
\hline 3 & \mathrm {~B} & 6 \
\hline 4 & 16 & 4 \
\hline 5 & 18 & \mathrm { C } \
\hline 6 & \mathrm { D } & 0 \
\hline
\end{array}$$
-Refer to Table 7.5,which shows labor,total product,and marginal product produced by a firm.What is the total product at Point B?
A)4
B)2
C)12
D)18
E)24

Question

Table 7.5
​
 $$\begin{array} { | c | c | c | } 
\hline \text { Labor } & \text { Total Froduct } & \text { Marginal Product } \
\hline 1 & 2 & 2 \
\hline 2 & 6 & \mathrm {~A} \
\hline 3 & \mathrm {~B} & 6 \
\hline 4 & 16 & 4 \
\hline 5 & 18 & \mathrm { C } \
\hline 6 & \mathrm { D } & 0 \
\hline
\end{array}$$
-Refer to Table 7.5,which shows labor,total product,and marginal product produced by a firm.What is the total product at Point B?
A)4
B)2
C)12
D)18
E)24

Quizplus · Accepted Answer

According to the table, at labor input of 3, the total product is B, and marginal product is 6. We do not know the exact value of A, but we don't need it to find the total product at point B. Therefore, the correct answer is option C, which is the total product at point B.

Table 75 ​ -Refer to Table 7

Table 75
-Refer to Table 7